In my 18th May, 2012 Treasury market review I was suspecting that 30–Year
Treasury Yield is making a
bearish pattern and it looks like that it can go up to 2.20 level from here.
Though it is hard to say that whether it will do in a straight way or it may
take time for it but the option is quite open. It has initial resistance at
2.80–2.90 level. US
Here I must say that I still fill that 30–Year US Treasury Yield may make H&S pattern in future and therefore it can go more in the upside even from these lower levels.
NOTE: Please see the disclaimer of this blog.