$TNX - Rates Continue to Move Higher in the US - Expecting a Spike on the Horizon

Interest rates are grinding higher. I believe a MAJOR Spike is on the horizon...

Over the past 3 decades interest rates have been driven down to multi generational lows. you can see in this long term charts where they came from.

In 2016 I called that rates have made a multi generational low and could possibly never be THIS low again in my lifetime. And we bought our first house :). Looking at the chart you can see this MAJOR trendline break that goes back into the 80's and also the break above the 100
month MA. That is important. The 200 month MA is going to be much harder but I see no reason why at least a "tap" of this does not happen as rates continue to grind higher. That will put the ten year at 3.22 and will likely pause there.

Heading in closer...

You will see that the clean break has been made and I will be looking for the pause and then a continuation spike into the 5.0% yield range on the ten year. This will cause mortgage application to spike and pick up again for fear that interest are going to spike (even though they already have somewhat) and that will likely be the beginning of the initial pullback of this rate spike period.

That is thinking VERY FAR in advance and alot can happen between now and then, however the chart is clear. Interest rates have BOTTOMED for a very long time and are inching higher and will be spiking.

Get ready folks.