Bond Rally Overdone

Bond Rally Overdone

The 2.2% to 2.1% area has marked major lows in the long end(30 Year Treasury Yield). The 30 yr. yield has collapsed in August. At today’s low the TYX is at 2.15%. This area has produced major lows since the Fed’s tightening cycle began in the 4th quarter...
Bonds Slipping

Bonds Slipping

The long end looks overextended. The TLT(20+ Year Treasury Bond Fund) is leaving behind an ominous spike high at last week’s peak. Last week the index set a new 2019 high as the rally off the 200D moving average(March low) extended to 13%. This week the TLT is...