TVC:US05Y   US Government Bonds 5 YR Yield
Total economic output is at a century low compared to money supply with no sign of slowing no matter the cause. The worries of a deflationary future will start to set in.
Used a .com bars pattern to project my outlook.
Comment: *no sign of speeding up
Comment: Too much debt with not enough economic output equals lower interest rates.
Comment: Delta Plus variant has the ability to bind more easily to lung cells and could be resistant to therapies used to treat the infection. This means lower for longer.
Comment: Potential short squeeze.
Possible upcoming markdown.