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Price support and yield resistance has been in place for months and years in the above chart. So far it has paid to buy bonds on price support and yield resistance. This strategy is being put to the test right now, in a big way.
Game plan…If yields break out and prices break support, “scoring on defense” in bonds will need to be the play. At this time the yield breakout HAS NOT taken place, yet if it does, it will be a break of a 15-year channel!!!