Is This The Most Important Chart In The World?

Jon Alternative Media, Blogosphere, Government

“This is possibly the most important chart in the world…” As 13D Global Strategy and Research noted:
A breach of the top-line of the channel could signal a major reversal in the multi-decade downtrend in UST bond yields.“
So the question is – is an event engineered to slam rates lower, in order to avoid interest expense soaring beyond US government capabilities; or is the event a reaction to over-exuberant bubble-fueled positioning in risk assets?
What is perhaps most worrisome for that channel breakout is that speculative traders have almost never been more net long the long-bond…

This post was published at Zero Hedge on Dec 27, 2017.