Something that I think is worth noting here is what’s happening in US Treasury Bonds. With Gold breaking those key support levels we mentioned last week, precious metals are the ones getting all the attention. But how is all this volatility in commodities going to affect stocks and bonds?
This is a daily bar chart of US 10-year note yields. After trading within a fairly clean uptrend channel from last summer, it appears yields are attempting to break down here:
Government bonds prices rallied hard at the end of last week. I also don’t see them getting much attention. All everyone wants to talk about is gold and silver. I mean, they’re a lot sexier than Treasury bonds right?
Either way, there are definitely some interesting developments in government bonds, at least from where I’m sitting. Stay tuned.
Tags: $TNX $TLT $ZB_F $ZN_F $TBT