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Veteran technical analyst Chris Kimble offers a Monday morning perspective on Treasury yields.
Chris comments: The yield on the 30-year bond remains inside of its 15+ year falling channel. Yields recently hit channel resistance and have decline over the past five weeks/bonds have rallied.
The yield on the 10-year bond finds itself testing support that has held numerous times over the past ten years.
This support line failed to hold back in 2008 and 2010 and yields plunged. A key situation is at hand for yields right now!
If yield support should fail here, what would equities do?
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