30-Year Bond Futures Daily Chart
It’s been a choppy past two months for treasury bonds.
And it will likely continue… this time with a forecast for 30 year bonds to decline.
30 year treasury bonds traded lower last week by over 2%, suggesting they are now in the declining phase for their current intermediate term cycle.
My call is for a choppy week that likely ends lower, with increasing risk into the end of the month.
For a more detailed analysis of both of these charts, check out the latest episode of the askSlim Market Week show.
Twitter: @askslim
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
