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.