‘High Correlation’ Archive

Fibonacci hitting TLT on the head again!

07/18/2011, filed under bonds, High Correlation; 1 Comment.

CLICK ON CHART TO ENLARGE TLT looks to have found its 50% retracement level to be stiff resistance and on the opposite side of the fence, the yield on the 30-year bond finds itself on rising support. Last week I ask if something smelled funny in bond land and it still seems too! (see post here) [...]