Many stock indexes have broken resistance, yet haven’t seen this situation in a while. The yield on the 30-year bond looks to have held on a 17-year support line and is breaking falling resistance.
With the yield on the long-bond holding at support and now breaking falling resistance, could this be a signal that something in the economy is finally improving? Commodity strength causing this? Again, I don’t know, but for long-bonds holders this is a sign to harvest, if you haven’t already.
For those owing the inverse bond ETF (TBF) this is a positive pattern breakout, in yields!