Is the Fed losing control of interest rates? I always though that it was in control of them.
If true, then does that mean that Janet is raising rates and not telling anyone? The table below looks at the performance of the yields on the 10- and 30- year notes along with (ARCA:TLT) over the past 90-days. As you can see, yields are up nearly 20% in that 90-day period.
If Janet and the Fed aren’t raising rates right now, is it possible that “Billions of Free Thinking People” are causing rates to move higher?
The chart below takes a look at the yield on the bellwether 30-year bond over the past decade. As you can see, yields have pretty much stayed within a sideways trading channel since 2008. At (1) in the chart below, the yield on the 30-year bond recently broke above its 200-day moving average and is attempting to break above falling resistance.
The yield on the 10-year note is attempting to break above its 200-Day EMA and falling resistance at the same time at (1) below.
In January, I gave 10 Reasons Rates are about to rise, before this 20% rally in yields took place.
A yield breakout above falling resistance and above 200-EMA lines should be respected and would suggest that the rally in rates is not yet over.