US Treasury long-term bond yields have risen significantly and sharply over the last few weeks. This is apparent in the steep fall of TLT
, the long-term US Treasury bond ETF
, from 145 to its two year support of 135. In fact the price touched 136 on 26 Feb'21. The price has now begun to stabilize with RSI
giving bullish divergence
at this long term support level
Possible to see bond prices recover from this level, and hence finally a halt on the rising yields?