Rates headed higher off of a support bounce-

Posted by Chris Kimble on 07/15/2011 at 10:24 am; This entry is filed under bonds, Yields.

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Rising support is support until broken.....nothing fancy along this idea.

Regardless of the asset, buying on rising support with a stop below support, the majority of the time rewards investors. 

Yields, short to long are on rising support at this time.  Yesterday TLT looked to be breaking a key support line, while it was close to the top of a trading range (see post here)

This support line represents a good place to bet yields will move higher!  If support fails to hold here... one can only guess how ugly equities could get!

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