US Utra Treasuries sink to new low.
The price of US Ultra T-Bonds have fallen below a key level of 180.00 (Trading view's instrument is decimalised and shows 18000), this is on the rise of US longer dated yields approaching nearly 2.5%. The 30 Year Rate is projected to reach 2.75% and even 3%, based on rising inflation as the US economy is expected to rival that of China's growth in 2021 - around a 7% gain in GDP. But don't expect the fall of Ultra Treasury bonds to be a straight line as growing yields means a growing demand for the bonds, pushing the price up and yield lower. Higher longer dated yields will also mean a switch from stocks to bonds challenging the current ATH in the Dow Jones and S&P.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.