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Treasury Bonds ETF Testing Important Long-Term Price Support

ByChris Kimble
Published 04/26/2022, 02:59 PM

TLT Monthly Chart.

The past two years have seen the treasury bond market turn upside down. In short (pun intended), treasury bonds have been hit hard by selling.

Note that we highlighted an important test of resistance for treasury bond yields last week.

Today, we look at a long-term monthly chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), the 20+ year treasury bond ETF.

As you can see, treasury bonds are in a two-year down trend (market by blue lines). And TLT is currently testing the lower channel support line heading into month-end. And, at the same time, it is testing its 61.8% Fibonacci retracement support level.

Equally important is that TLT is recording its lowest monthly momentum ever.

Will it finally succeed in finding some support? Well, if it can’t bounce here then look out! Stay tuned.

Latest comments

meanwhile i series bonds paying historically all time best at these inflation levels as it matches inflation, they are running hot, such a deal there's a limit per person available at official US Treasury website treasurydirect.gov ... this wont last forever
Lol, what type of technical analysis is that? In order to have a valid trendline you need two prior price points to connect before the present day price point. Any single random point in the past taken alone can be connected to price in the present day, which is what you did.
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