Thursday July 29, 2021
Sept T Bond five day chart
We have expected the counter trend rally in bonds from march to be at or near an end. This appears to be the cast with the spike high at left side of this chart Since then we had lower high and now a slow drop to re test the previous low. At least this is headed in the right direction.
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30 Year Bond
Looks like the bond is being turned back at the 200 day MA which figures. a slight over throw and then a second failure right on the line. Perhaps we are slowly turning the corner to lower bond prices, there is not lack of inflation news.
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