Still a legitimate threat of a major top in Treasuries, which is something I discussed as far back as last summer in my Weekly Strategy Session with the following weekly chart bearish rising wedge for TLT.
What say you? Another leg higher coming? Or the very low yields are a thing of the past?
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Difficult to imagine there’s a threat of lower treasuries with a trillion dollars staked on preventing that from happening.
Cain is right. Even when something “should” happen there can be forces that won’t let it.
2.40 on the ten year maybe – at the most.