The technical weekly uptrend that yields have formed is rather astonishing.
The sheer power of this move suggests likely more upside yields. Some basic measured moves suggest a potential whopping 5.7% on the 20 year.
Imagine TLT long bond traders!
Nothing is probable but it makes you wonder if inflation is becoming more entrenched since the bond market is very forward looking.
The sheer power of this move suggests likely more upside yields. Some basic measured moves suggest a potential whopping 5.7% on the 20 year.
Imagine TLT long bond traders!
Nothing is probable but it makes you wonder if inflation is becoming more entrenched since the bond market is very forward looking.