• 15 hours How The Stock Market Predicts Electoral Victory
  • 23 hours Tesla's "Battery Day" Could Deal A Blow To Cobalt Miners
  • 2 days New TikTok Deal Hopes To Bypass National Security Concerns
  • 2 days Where Will Gold Go From Here?
  • 3 days COVID-19 Is Fueling A Pastic Waste Crisis
  • 3 days Gold Output Set To Decline
  • 4 days Uber And Lyft Look To Go Electric
  • 5 days COVID-19 Is Crushing Palladium Demand
  • 6 days This ‘Once-Boring’ Tech Company Is Now Super Hot
  • 7 days Will Air-Based Protein Be Our Future Food?
  • 7 days Google Pledges To Go Carbon-Free By 2030
  • 8 days A New Twist In The TikTok Saga
  • 8 days Gold Inches Closer To $2,000
  • 9 days Delivery Drones Are Coming Sooner Than You Think
  • 9 days Traders See More Volatility Ahead For Commodities
  • 10 days How COVID-19 Is Transforming The World's Sovereign Wealth Funds
  • 10 days Electric Vehicle Demand Set To Outpace Battery Metal Production
  • 11 days Copper Continues To Outperform
  • 12 days The Jury Is In: ESG Is A Megatrend Now Worth $250B
  • 12 days Today’s Young Adults Aren’t Leaving the Nest
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

Contact Author

  1. Home
  2. Markets
  3. Other

This is Important ...

If is wasn't so important, I wouldn't mention it a second time. But it is very important, and could be a "game changer" if we break above this long term resistance in the next few weeks ... so, please keep an eye on it.

What is it?

It is the 30 year bond yields ... symbol: TYX. Our comments are below ...

Bernanke and everyone in the White House will try to stop this from happening. If they can't, there will be real trouble ahead for the economy. Right now, the 30 year yields are at a MAJOR, 15 year testing point.

Below is an updated chart (as of 8:40 AM this morning) showing a 17 year down trend on 30 year bond yields. Its resistance line has had 7 touch points.

We are now at number 7, and international investors want to be paid higher interest for what they perceive to be an environment with much higher risks. That pressure makes this current test a MAJOR testing point.

Bernanke is sweating right now, because if he can't be successful at keeping interest rates down, the housing market will take another turn for the worse and foreclosures will keep rising. (Bernanke is trying to be very proactive in driving rates down right now. There is a lot of international pressure for higher rates coming in, so it will not be as easy as he thinks.)

If we break above the resistance line shown, we can expect interest rates to rise to a level that would increase monthly mortgage costs by 20% to 25% this year.

This could be one of the most significant events seen during the past few years.

30-Year Bond Yield - 17-Year Point and Figure Chart


Back to homepage

Leave a comment

Leave a comment