Keep in mind that the fact that long-term yields have been falling is net bearish for the banking sector as it hurts their earnings (banks make money on the spread between lending $$ out longer-term via car, boat, business, & home loans, etc.. using the money they take in on deposits & pay out a lower rate on). Smaller spread = smaller profits.

Right or wrong, that’s what I see. I highlighted /ZB & TLT (30-yr T-bond) as a short setup in today’s video with a sell signal to come on a break below the 60-minute bearish rising wedge patterns/uptrend lines. Bond prices down = yields up.

Of course; no breakdown, no sell signal (and yields continue to fall or flatten out).