These are tge two most important charts for Zip as i have been saying for some time interest rates in the US will go to 18 percent like the 1980s as China dumps treasury notes.
The 10 year note is currently consolidating in a B wave triangle or bear pennant after a five wave decline and should lose a further 50 percent of value which will be confirmed by the break if the Head and Shoulders neckline at 105.
The stock market will be decimated
As you can see the 10 year yield after declining for 38 years in overlapping fashion has broken the downtrend and is currently coming back for a restest of that broken trendline and has every possibility of returning to 18 percent with mortgage rates even higher.
(20min delay)