From Investing.com:

Over the past few years, interest rates have been on the rise, reaching highs not seen since the early 1980s. The recent rally in the 30-year US Treasury bond yield may signify a shift in this trend, with rates peaking at 60% above the 200-week moving average.

Historically, when bond yields have deviated significantly from the 200-week moving average, long-term inflection points have occurred. This happened in the early 80s when yields spiked 60% above the MA, during the COVID meltdown when yields plummeted 60% below the MA, and now with yields surging 60% above the MA.

As yields begin to fall once again, it raises the question of whether interest rates will return to more moderate levels. The recent fluctuations in bond yields suggest that a reversal may be on the horizon, impacting various sectors of the economy in the coming months.



Read more at Investing.com: Are Bond Yields Facing Historic Overbought Correction?