10-Year Treasury yields gapped above resistance at 1.45 percent and the descending trendline, signaling an outflow from Treasuries and into stocks. Breakout above 1.70 percent would suggest a primary down-trend for bonds (price is the inverse of yield) and an up-trend for stocks.
* Target calculation: 1.45 – ( 1.70 – 1.45 ) = 1.20