30-YEAR T-Bonds - Down, But Not Out
Updated
The first support for the 30-Year is 152 (purple line) and the next is 146 (green line). A turn anywhere above 152 in the days to come will signal a bottom and a potential run to 162.
Note
Holding at trendline support in blue. The fall has been steep and accompanied by high volume. However, a bottom could be in for now and a bounce is possible at these levels. I believe the sell-off in bonds has been overdone. Long term positive trend is still intact as evident on the weekly chart.
Disclaimer
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.