Monday, June 20, 2016

Update on Treasury Bond Yields

I recently posted a chart of the $TNX, saying bond yields (as tracked by $TNX) could break down. That's just what happened.

Now, we are seeing a strong rally. It is coming up to former support.

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(Updated chart)

Maybe the breakdown was false. Or maybe this is a typical test of former support as overhead resistance. And the big move down is yet to come.

Stay tuned.

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