In spite of the rates established by the government being basically 0%, the rates in the true market – the bond market – have been creeping higher. Although TBT (the ultra-bearish ETF on bonds) has been bouncing within a range of about 46 to 51 over the past few months, it is worth considering whether a pop in interest rates will give TBT reason to break out. A push above $51.21 would certainly seem bullish for this security.
