Bond Prices Bounce, But The Pattern Points To Lower Prices
Here is a quick snapshot of long-term bond prices. I would not be getting excited about the recent rally because technical analysis is indicating it's nothing more than a bear flag pattern. Expect lower bond prices a few weeks from now.
(Click on image to enlarge)
More By This Author:
Will Inflation Data Result In More Aggressive Action By The Fed?
Natural Gas Price Drives Crude-SPY Trends When USD Is Appreciating
Breaking Down ETFs – What They Are And How They Help Build Wealth
If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is more
Comments
