$TLT
Added 2024-04-25 14:17:17 +0000 UTCI have added a lesson on the relationship between the $TLT and US 10 Yr so it is worth reviewing on Collections.
The US 10 YR keeps pushing higher and this directly impacts bonds
It is struggling to find support and keeps moving down to the lower fibs
Anything below the 0.618 Fib for a Wave 2 pull back shows weakness as this is the standard pull back level.
So bonds moving lower will continue for now I believe but they are also becoming incredibly cheap…..the US will need to cut rates if this continues, the adverse effects will be too heavy.
When cut dates get confirmed, I expect this to reverse.
I have not added yet but willing to add when there is a realistic timeframe mentioned by the Fed to cut.
Comments
Thanks for this update ☺️
Nth73
2024-04-25 14:40:05 +0000 UTC
