ijustwanttomakeatrendline

ijustwanttomakeatrendline

Looks like we're starting to see a clean bounce off of the trendline -- this is the market deciding that bonds aren't going to fall off a cliff because the inflation boogieman is a short term scare, not a shift in trend. Now is the time to load up on TLT. NFA.

ijustwanttomakeatrendline

If the inverted hammer on 10/10 is a reliable indicator, then today may mark a local peak in long yields as we bounce off the top of the channel.

ijustwanttomakeatrendline

From April to July the 10 year Treasury yield was in a downward channel. It broke below that, retested the resistance-now-support for bonds, and kept moving until it recently re-entered. The fundamentals for long bonds still seem strong, with the cutting cycle starting with an abrupt 50bp cut, but bonds seem to be seeking support. If yields break above this...

ijustwanttomakeatrendline

From April to July the 10 year Treasury yield was in a downward channel. It broke below that, retested the resistance-now-support for bonds, and kept moving until it recently re-entered. The fundamentals for long bonds still seem strong, with the cutting cycle starting with an abrupt 50bp cut, but bonds seem to be seeking support. If yields break above this...