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Hot bonds….Govt. Bonds/TLT Cold Bonds…High yields
Hot bonds turning Cold…The above bond 3-pack reflects some bonds that have been hot, that are either on support or breaking very steep rising support lines. Too soon to tell, yet AGG might have created a H&S top, before breaking support.
Is this noise or could it be sending a message? Certain types of bonds turned from Hot to Cold back in 2007/08. Could these have done that?