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Disclaimer: All charts and comments are intended for education and discussion purposes only. No investment recommendations are being offered. Please do your own research and take responsibility for all investment decisions that you make. Questions and comments related to this post are encouraged.  | MON - Sector Strength | TUE - Interest Rates | WED - Market Breadth | THU - Commodities & Currencies | FRI - Market Sentiment | SAT - Bullish Percents | About | contact: HeadlineCharts@gmail.com |

Below is the same old boring chart shown every week of the US Treasury durations.  All the rates are now above the 40-week, but still well within the trading range established since last fall.  We had all the durations above the 40-week just last Feb, but then the equity market sold off big time and investors sought refuge in Treasuries, and down the rates went again.  But rates never went below the prior lows, and now rates are header higher once more.  Nothing conclusive is shown in this chart though.

The chart below shows T-Bill rates dropping and 10-Year note rates rising.  It appears that money is flowing into the short-term instrument for now, and away from the longer-term.  This seems like a normal rotation for a somewhat weak economy showing the early signs of renewed growth.  Notice that the yield curve has now steepened and is no longer inverted, another good sign for the economy.  We just don't want longer-term rates to move too high and too fast.  Otherwise, these are generally reasonable developments.

Another factor in support of the notion of higher longer-term rates ahead (along with a steepened yield curve) is shown in the weekly chart below.  10-Year rates are crawling along the multi-year uptrend support line, while short-term rates are being turned back by overhead resistance.

Just when we thought we had this uptrend in 10-year rates nailed, the monthly chart below pops up to add more mystery to the future of rates.  This chart below shows a very long-term 17-year downtrend in 10-year note rates about to collide with the shorter 4-year uptrend shown the chart above.  A showdown is ahead and one trend line is going to get broken.

Speaking of long-term trends... the US Dollar has been weak for almost all of our investing lives.  Now, here it is again at a multi-decade low, but this is where foreign investors might spot the Dollar as a bargain, particularly if economic growth is accelerating in the US.  The RSI hints the declines have been losing some momentum.