Is the Bond Bull Market Over?
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The past 90 days haven't been favorable to the price of longer dated Government bonds and notes, as the popular government bond ETF (TLT) is down over 10% since Christmas. Many an article has been written declaring the end of bull market in government bonds.
For the decline in bonds prices to continue, the yield on the 30-year bond has to break above a 14-year resistance line at (1), just to climb back into its long-term falling channel!
(c) Kimble Charting Solutions