30-Year Treasury Bond Futures In Declining Phase Of Market Cycle

30 year treasury bond futures trading cycles forecast lower october chart

30-Year Bond Futures Daily Chart 

It’s been a choppy past two months for treasury bonds.

And it will likely continue… this time with a forecast for 30 year bonds to decline.

30 year treasury bonds traded lower last week by over 2%, suggesting they are now in the declining phase for their current intermediate term cycle.

My call is for a choppy week that likely ends lower, with increasing risk into the end of the month.

For a more detailed analysis of both of these charts, check out the latest episode of the askSlim Market Week show.

Twitter:  @askslim

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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