Bonds prices up, bond yields down. Bonds prices down, bond yields up.
This is an important day for watching bond yields, because the odds are now starting to increase for an upside move on bond yields ... and that would mean down movement on bond prices.
At the close yesterday, 30 year bond yields had closed at 38.45 which was a level that was testing an April/September resistance line.
Our indicators are showing an upside yield bias so there is a "high probability" that the 30 year yields will break above the 6 month resistance line today ... a "caution alert" for those who own bonds. (10 and 30 yield bond yield charts are posted daily on our Advanced Subscriber site.)
