The chart below might be the most important chart in the world right now. The rate on the 10-year Treasury bond has now bumped up against the downtrend that’s been in place since the very beginnings of the financial crisis. What happens next, either it reverses lower or breaks out higher, has major implications for all sorts of asset classes and economies all around the world. Stay tuned…

tnxSee the rest of my charts at StockCharts.com