30-year Treasury Bond Yields are Due for a Rally

30-year Treasury Bond yields appear to be completing a contracting triangular 4th wave, the parameters of which imply an impending 5th wave thrust up to 3.88% or higher. This would amount to a retest of the highs seen from late 2013 to early 2014.

A rise in yields would necessarily correspond to a drop in long-dated Bond prices.