UST 10yr Yield Channel Already Negative

This isn't a forecast, but I thought it worth noting the possibility if yields are heading for a test of support rather than a breakout. The long-term support line in the 10-Year U.S. Treasury yield channel is already negative, around negative 0.60 percent presently. The support line in place since 2012 is around 0.20 percent presently. For the inflationists/higher nominal rate crowd, one bullish sign is that the 10-year hasn't come close to that lower support since summer 2012. Another is the brief breakout in 2018 that may herald a trend change.