The western world is indebted beyond their means. The last thing they need is rising interest rates. Let us take a look at the Elliott Wave structure of short term interest rates represented by US 6 months Treasury Yield, and see what we can expect the coming years.
Short Term Interest Rates Poised to Rise. Source Elliott Wave Technician
6 months US Treasury Yield is displaying a very bullish structure. A decline in yield lasting more than 30 years was completed in late 2011. Since then a rise and decline in wave 1 and 2 of different degrees of trend have taken place. A rise in wave 3 is coming over the next years and should be quite painful.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
Short Term Interest Rates Poised to Rise. Source Elliott Wave Technician
6 months US Treasury Yield is displaying a very bullish structure. A decline in yield lasting more than 30 years was completed in late 2011. Since then a rise and decline in wave 1 and 2 of different degrees of trend have taken place. A rise in wave 3 is coming over the next years and should be quite painful.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
