Wednesday, 3 July 2013

Nice consolidation triangle in US 30 year T-Bonds

From here.

You can see that after a precipitous drop in May and June, for the past week or so, the price has been rising steadily but the daily range is getting narrower and narrower.

The theory is that sooner or later, prices will resume their merry downward fall - which is another way of saying that interest rates will go up, which is good news for people like me.

1 comments:

paulc156 said...

I just read my tea leaves and they clearly indicate that T bond prices will make a double bottom at $133 before recovering.