Chart of the Day - Monday, October 5th, 2020
October 5, 2020
Today’s Chart of the Day was shared on Twitter by Andrew Thrasher (@AndrewThrasher). The chart shows the US 30-year Treasury Yield (top), and the US 10-year Treasury yield (below) over the past two years. Treasury Yields moved meaningfully higher today after barely moving the past couple of months. The 30-year Yield crossed above it's 200-day moving average for the first time in over a year, and the 10-year is approaching resistance around 0.8%. After a boring few months of refusing to break down, could Yields finally be ready to move materially higher? Or is this just a dead cat bounce within a longer-term downtrend? Stay tuned!