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After posting my grim update on Treasury yields (with an equally grim sidebar on mortgage rates), Chris Kimble looks at a potential inflection point for the long bond. Note: The standard definition of a "long bond" is anything over 10 years, but general usage usually means the 30-year Treasury.
Chris comments: The long bond is pushing support/resistance to the max right now. Is the 17-year line in the sand about to break?
For an illustration of Chris's "17-year line" remark, see the upper-left chart in this four-pack, which I ran earlier this week: Bond Bears Awaken?
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