This chart appears pretty well behaved. This decline in yield has come right into the .382% retracement area of wave 3 for a wave 4 bottom. If the 30Y bond continues to behave...yields are headed above 5%. To some of you reading this...that may sound like a stretch.
To those who like correlations...I wonder what happens to stocks if this plays out?
#whoisrightBonds_or_Stocks?
Best to all,
Chris
To those who like correlations...I wonder what happens to stocks if this plays out?
#whoisrightBonds_or_Stocks?
Best to all,
Chris
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.