Bond Channel: Positive Crossover On The Horizon
Tim Knight | Jul 08, 2021 01:19AM ET
US Treasury Bonds [represented by way of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), shown below] has succeeded in two important breakouts: the descending trendline (green tint) and the price gap horizontal (yellow tint).
Looking at the 50/100/200 exponential moving averages by themselves, you can see how a positive crossover could be forthcoming in days.
The simple fact is that bonds have been in a bullish uptrend channel for four decades, and nothing has broken.
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