US 30 Year Bonds

The US 30 year broke out and went past all previous highs. Closing above the blue neckline it confirms two potential technical patterns. Either a inverted head and shoulders bottom or a Cup and Handle pattern. The handle is a consolidation below the neckline before the breakout. Both patterns are long term and very bullish on the direction of bond yields or interest rates for the coming months. It points to nearly 4.8% 

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