Bonds are Prone to Much Lower Prices

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Well, bonds are having the kind of steadily collapsing market which makes equity bears like me envious. The ZB has been monkey-spanked all month long……..

0527-ZB

If you look at a broader chart, the selloff in bonds could be far from over. Looking at TLT, it seems to me we could easily make the trip down to about $100 within the month of June.

0527-TLT