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The past 90 days hasn’t been favorable to the price of longer dated Government bonds and notes, as the popular Govt. bond ETF (TLT) is down over 10% since Christmas. Many an article has been written that the bull market in government bonds is at hand.
For the decline in bonds prices to continue, the yield on the 30-year bond has to break above a 14-year resistance line at (1), just to climb back into its long-term falling channel!