Bond Chart Taper

I've been looking so long at these pictures of you
That I almost believe that they're real
I've been living so long with my pictures of you
That I almost believe that the pictures are all I can feel
--The Cure

Rather than the QE-related bond taper, I'm eyeing the taper pattern in 10 yr bond yields.

Not perfect, but similar to a 'flag' or 'pennant' pattern of technical lore. Textbook technical analysis posits that these patterns typically resolve in the direction of the primary trend--which in this case suggests higher bond yields.

Shouldn't be long before we learn how this one turns out.

no positions