Have interest rates increased over the past couple of years? Yes they have!
Have interest rates broken above long-term falling channels? Nope
Joe Friday Just The Facts Ma’am– Interest rates (2, 5, 10 & 30-Year yields) are all testing long-term falling channel resistance at each (1), with momentum at levels seldom seen in the past quarter-century.
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Disclosure: I am/we are long ZROZ.