Important Interest Rate Divergence

Additional Evidence that US interest rates  may have hit an intermediate peak.

The following chart is courtesy of Trading  View.

TYX – the Trading View symbol for 30 – year yields.

TNX – the Trading View symbol for 10 – year yields.

FVX – the Trading View symbol for 5- year yields.

On 10/24/22 TYX made a marginal new high unconfirmed by TNX and FVX. Today 10/25/22 all three failed to make new highs and trended down

This bearish divergence adds to an already large amount of evidence that US interest rate/yields may have begun a multi-week decline.

A decline in US interest rates/yields could  be a catalyst for US stocks to rally.

Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Traders.com Advantage, Futuresmag.com, and Finance Magnates.

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