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Dual multi-year channel resistance comes into play in the 10-year rate at (1) in the chart above. The rally in yields has been brutal to the price of bonds, since last summer, as the yield on the 10-year notes is up 100%!
Joe Friday… Bonds the majority of the time have rallied in price/yields have declined when at the top of this channel and few investors were bullish bonds.
My Strategy, TB&M (Tops, Bottoms & No Middles) has Premium members long bonds at this time, with a specific stop in mind based upon past patterns.
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