30y T-Bond breaks Key Resistance at 120. Yield curve is steepening.

30 Year T-Bond broke the Key Resistance level at 120.

That's called Flight to quality.

Weekly chart of the 2Y/10Y Yield Spread shows a mid-term Steepening inside the Long-term Flattening trend channel. Anyway it's a sign of Inflationary pressure in the near future.

The Yield curve is clearly steepening.