‘bonds’ Archive

Joe Friday…Interest rates could fall 20% more!

  CLICK ON CHART TO ENLARGE The above chart highlights that yields on the 10-year note & 30-year bond are down on average of 17% this year, to the surprise of many. Would rates falling another 20% surprise a few investors? I suspect so! The Power of the Pattern around Thanksgiving of last year shared [...]

Bonds creating bullish inverse head & shoulders pattern?

  CLICK ON CHART TO ENLARGE 2013 wasn’t kind to the bond market, one of the worst years in a long, long time. The decline in bond prices drove TLT down to its 38% Fibonacci retracement level.  Could TLT be forming a bullish inverse head & shoulders pattern after the big fall? Possible! TLT is [...]

Joe Friday…Two-Thirds chance Bonds rally and yields decline!

  CLICK ON CHART TO ENLARGE The yield on the 30-year bond has created a multi-year bearish rising wedge and is breaking lower support of this bearish pattern above, after hitting its 61% Fibonacci retracement level. CLICK ON CHART TO ENLARGE The yield on the 10-year note has just experienced its sharpest 18-month rally in [...]