Long-Term Perspective of the 10-Year Treasury Note

I still believe that "interest rates" are heading higher over the intermediate term, not lower. The long-term declining trend line from September 1981 has finally been penetrated on the upside.  Does this mean that rates are going straight up from here?  No.  Nothing goes up in a straight line.  If anything, the rate on the 10-year $TSY Note may decline to 2.4%, still above its declining trend line, before reversing to above 3%,