Yesterday I shared that TLT remained stuck inside of a 2% range, yet the “Power of the Pattern” continued to suggested TLT would move lower.(see post here)
Anyone notice how the 5-year yield is skyrocketing today? If you don’t believe they are check out the breakout below.
CLICK ON CHART TO ENLARGE
For those open to scoring on defense in the short-term end of yields, they might want to look into TBX or TBZ. Patterns remain favorable for TBT, due to the TLT chart of yesterday.
