Time to Bonds to Break or Blow

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For the 4th time in recent memory, TLT is approaching its resistance level at 109.18. In this insanely-leveraged world of ours, our economic future relies largely on interest rates, so it’s going to be terribly interesting to see if TLT breaks above this level (suggesting lower rates) or swoons.


A longer-term perspective provides a bit more clarity, but I’ve got to say, I’m not willing to bet in either direction at this point.