Ominous Technical Trends for US Treasury Bulls, Three Durations



Image courtesy of Stockcharts.Com, inset by Centerpoint Securities, annotations by Mish.


Technical patterns on 2-year, 10-year, and 30-year US treasuries all suggest yields are heading higher. Let’s also discuss the supporting fundamental case.

Centerpoint explains “An ascending triangle chart pattern is a bullish technical pattern that typically signals the continuation of an uptrend. They can signal a coming bullish breakout above an area of resistance after it has been tested several times.”

Many people do not believe in technical patterns, others believe in nothing else. Certainly, technical patterns fail often enough.

My take is they work best as entry and exit point strategies, especially when fundamentals align.

Author(s): Mike Shedlock

Publication Date: 3 Apr 2024

Publication Site: MishTalk