Last week’s spike surpassed an important peak at 4.74% recorded last April.  On its way to a presumptive high at 5.55%, the rally will face additional resistance at 4.87%, a ‘voodoo number’: and at the 4.99% peak notched in October 2023. If these invisible impediments do not put up a fight, it will increase the likelihood that the 5.50% target will be achieved.  The two years TNX spent head-butting the midpoint resistance at 4.01%, then trying to break free of its gravitational pull imply there’s a chance the rise in rates will abate somewhere close to the 5.13% midpoint between p2 (47.59) and D.