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Long-Term Yields Could Rise Another 13%

Published 08/02/2013, 09:14 AM
Updated 07/09/2023, 06:31 AM

The yield on the 30-year bond created a bullish inverse head and shoulders, suggesting rates should rise quickly...and they have over the past 90-days.
30-Year Yield Index
The 20-year yield resistance comes into play 13% higher. The ProShares:Sht 20+ Treas. (TBF) is up 12% in the last 90 days, doubling the S&P 500 (illustrated below).

If this pattern-read is correct, TBF's gain could continue before resistance is hit.
The 20-Year vs. The S&P 500

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