From the Desk of Ian Culley @IanCulley
I bought bonds last December and again in March.
I thought it was time to bring these beaten-down assets back into the fold as US Treasuries printed fresh six-month highs.
But I was wrong.
Fast-forward to today, and the downtrend for bonds remains intact.
And those false breakouts last spring have led to fresh breakdowns as we head into the fall.
The 10- and 30-year futures are flashing sell signals as they undercut their respective March pivot lows.
Now, the shorter end of the curve is doing the same.