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Interest rates on the 10-year note have been creating a bullish falling wedge over the past few months. Of late the yield on this note is breaking from this bullish pattern. TNX is swiftly moving higher!
Even though the stock market is moving higher, over the past 10 days...shorting bonds (owning TBF or TBT) has made more money than being long the S&P 500 index.
Are bond bears on the right side? (see post here)
