'big, beautiful breakout' for 30-year treasury bond puts test of 5. 17% in sight: analyst


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The charts favor a further rise in yields, which move opposite to prices, Jonathan Krinsky, chief market technician at BTIG, said in a Wednesday afternoon note, labeling the recent move a


"big, beautiful breakout." "If 30yr yields were a stock, we would say it's nearing a multi-year base breakout and likely headed higher. The '23 high of 5.17% looks


to be tested in coming days," he wrote.