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Banks, Treasuries Falling To Pieces

Published 04/07/2022, 12:56 PM
Updated 07/09/2023, 06:31 AM

Despite rising interest rates (which you’d assume is great for banks, but the economy is heading for such a catastrophe, even that isn’t helping), the SPDR S&P Bank ETF (NYSE:KBE) has broken through important support.

KBE Daily Chart

Likewise, here we see that the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has also broken lifetime support, which makes sense, since why would anyone want to give money to a country with $30 trillion in debt?

TLT Daily Chart

The last question is whether or not the long-term bond trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left.

US Long-Term Bond Futures

Latest comments

Dont buy the Dip till new QE starts
Not much substance in this article... and trying to link the treasuries to the earnings problems for banks doesn't make sense. The inverted yield curve soon to be enhanced is a much bigger problem for the banks!
good insight, thanks
Good insight. The "never go down" bulls won't get the message until after the crash.
Reading this pointless article is a minute of my life that I'll never get back and would have been better spent doing anything else.
Bonds seem directionless. where do you HYG? Very little history for comparison. Can you write something to give some clarity. Thanks for your work.
hello how are you friend
Lmao this one paragraph of whining qualifies as an article now? Sounds like you loaded up on Bank stocks this year?
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