Rate Charts

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As this quiet Memorial Day weekend wraps up, I thought I’d share a couple of interest rate charts shared by a thoughtful fellow Sloper. The resistance is pretty stiff. I’m crossing my fingers that it breaks to the upside, of course, as I’m definitely in the interest rate bull camp. Looking at the ZB this long weekend, interest rates are clearly continue to weaken!

TNX Weekly DownChannelUpdate

TNX Monthly DownChannelUpdate