Courtesy of Chris Kimble
Treasury bonds have left a bad taste in investors’ mouths for the past couple of years. And this collective “UGH!” comes after years of solid returns.
Will the bull market continue? Or is this the beginning of the end?
Today’s chart takes a look at the 20+ Year Treasury Bond ETF (TLT), highlighting how the latest selloff has TLT testing important 18-year trend support. And this comes as TLT is posting its worst 2-year rate of return in its history (-17.7%). Yikes!
Needless to say, bulls are hoping up-trend support holds at (1). If not, lower support at 125 and 107 could come into play downstream. And remember, if bond prices keep falling, then interest rates will likely keep rising. Stay tuned!
This article was first written for See It Markets.com. To see the original post CLICK HERE
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