Bonds Away!

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After months of forming the pattern, bonds (TLT) finally broke support today. It’s a clean little H&S pattern.


In turn, the ultrashort on bonds, TBT, has broken above its own inverted H&S pattern (naturally).


All of which obviously means interest rates are firming up. And, God knows, if there’s one thing this debt-choked economy needs, it’s higher interest rates.