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The death of the bond bull has been discussed many times for the past few YEARS! The 10-year note is up against a 10-year resistance line and my be forming a topping pattern over the 15 months.
Key to this pattern is how much selling pressure takes place around the neckline at (1). Record inflows for years have taken place in this assets, watch this pattern to see if the worm is turning!
Is this “THE” top in bond prices? Price action at the neckline will tell us a ton about this important question!