I am starting to be very bullish on 10 year bond rates. This chart looks like we created a bottom last week after creating a major bottom last year.
People forget that things don't keep going up and, well, people got their faces ripped off in 2019. In 2020 there were signs of a bottom. I took a trade a couple weeks ago that profited on the drop in rates and I've entered a trade recently that says rates will go up.
This means, /ZN and /ZB should go down. Rates go up, ZB, ZN go down. Similar with TLT if you prefer an ETF.
This may be a 1-2 year trade for me that I will keep rolling but as of right now, this seems like a great entry. Not financial advice. Targeting 3.000 in 2 years.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.