One of the biggest clues is the upper channel created by highs since 1999. This spring the upper channel was broken. It indicates longer term increases in interest rates have begun. Forget the "reasons" for rising interest rates.
A set of higher highs has already formed. It is still to be seen if the yield will form a higher low compared to the lows in 2003.
The larger timeframe of these happenings indicate a longer trend of rising rates could very well be unfolding. Wating for confimation when 10 yr Tnotes turn before 3.8% and break 5.00%.
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