👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

Broken Bonds

Published 09/08/2021, 12:20 AM
Updated 07/09/2023, 06:31 AM
TBT
0.10%
TLT
-0.10%

On Friday of last week, I pointed out that TLT (bonds) had broken their ascending channel. Well, that was the signal. Today they fell with some more gusto.

TLT Chart

In turn, TBT (double-inverse bonds) has respected its supporting trendline the entire way, and is gaining strength.

TBT Chart

So, let’s see………a global economy absolutely CHOKING on hundreds of trillions of debt, with interest rates on the rise. Sounds like a formula for a thriving worldwide economy, doesn’t it?

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

Which stock should you buy in your very next trade?

AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Unlock ProPicks AI

Latest comments

RussomMar 22, 2022, 19:03
You are right. So what is your guess for TBT, for the second semester, for example? it may go back to 2019 price levels?
Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.