In today’s markets wrap I wanted to focus mostly on the 10 year treasury yield. The trend change that was experienced half way through this year has now moved the 10 year yield up and past the long-term downtrend line. While yields should take a break in the next month of two if in 2017 we continue to see yields slowly rise this will be the most significant story for the financial sector.
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Here is the Long-term chart showing the down-trend line now broken.
