I see a most beautiful cup and handle pattern (somewhat slanted) on Treasury Yield 10 Years (^TNX) long term chart.

On the shorter term chart, 3.239 on June 13, 2022 was the top/ceiling, and was retested as the floor, @ 3.288, on April 3, 2023.

I’m willing to bet that the USA will NEVER see 10 year yields below 3.16%, recession or no recession, depression or no depression.

Mark my words.