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.
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.