30-year Treasury Yield Breaks Wedge Support
The 30-year Treasury Yield ($TYX) broke down with a sharp decline the last few weeks. This puts the yield near its 2011 lows and within striking distance of its 2008 lows, scene of the last crisis and flight to safety. Notice that treasury yields and the S&P 500 are positively correlated because the 26-week Correlation Coefficient has mostly positive the last five years.

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