Government Bonds Breaking Steep Rising Support Channel
Chris Kimble | Apr 29, 2015 12:26AM ET
The iShares 20+ Year Treasury Bond ETF (ARCA:TLT) had a great 2014 and early part of 2015. TLT hit the top of this steep rising channel a few months ago and stopped on a dime.
Now TLT is attempting a breakdown of this channel, where it rallied over 35% in a little over a year. Could a rally in some commodities, (Gold/Silver/Miners) and the euro have some bond players spooked/nervous? Could be!
Full Disclosure…My readers have been overweight the Energy and Metals sector for a while now.
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