Weekly Engrbytrade™ futures trading data calculations indicate a situation exists where futures traders are creating a 30-Yr yield descending triangle that is similar to the 2018 10-yr yield descending triangle shown below. A brief move upward in the 10-Yr and 30-Yr yield is expected. This will be followed by a decline during the remainder of 2023 as stock markets move lower.
Stock charts courtesy of StockCharts.com.
