One of our readers sends us an update of one of our favourite technical charts showing a very long-term perspective on the 10-year. Yields have been falling again, amidst the general flight-to-safety (today notwithstanding).
As you can see, and you need to really click on the image to blow it up, each time the 10-year yield bounces off the top part of this particular channel, the stock market has taken a turn for the worse. (And usually it coincides with a crisis).
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