Morning Update: 30Y Bond Yield

This chart appears pretty well behaved. This decline in yield has come right into the .382% retracement area of wave 3 for a wave 4 bottom. If the 30Y bond continues to behave...yields are headed above 5%. To some of you reading this...that may sound like a stretch.

To those who like correlations...I wonder what happens to stocks if this plays out?

#whoisrightBonds_or_Stocks?

Best to all,

Chris