Treasury Bonds on the Verge of Breaking Out

By Chris KimbleBondsJun 07, 2023 01:10AM ET

www.investing.com/analysis/treasury-bonds-on-the-verge-of-breaking-out-200638792

Treasury Bonds on the Verge of Breaking Out

By Chris Kimble | Jun 07, 2023 01:10AM ET

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The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has been trading in a very tight space for months. Or better stated, it has been narrowing/tightening for months.

TLT Monthly Chart

This all comes after a steep 2-year decline from 2020 into 2022.

Above, you will find today’s long-term “monthly” price chart of the 20+ Year Treasury Bond ETF (TLT).

As you can see, TLT has been in a narrowing pennant pattern for the past 9-months, frustrating both bulls and bears.

The MACD momentum indicator could create a bullish crossover at (2) from the most oversold levels in the past 17 years. Similar crossovers are marked at each point (1) and have produced big rallies.

Should TLT breakout at (3), it would send its first bullish message in a LONG time.

$40 Billion In Wrong Bond Fund Past 2 Years, Says Joe Friday By Chris Kimble - Sep 22, 2023

When treasury bond yields are rising, bond prices are falling. It’s an inverse relationship. And so it makes sense that the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has...

Treasury Market Plays Catch-Up With Higher-for-Longer Risk By James Picerno - Sep 22, 2023

The collective wisdom of the bond market for much of this year has been betting that interest rates would soon peak and fall. But those bets appear to be unwinding in the wake of...

Fed Leads Investors Into Bonds Amid Stock Market Uncertainty, Higher... By Francesco Casarella - Sep 22, 2023

Stocks are tanking as markets price in higher for longer scenario Meanwhile, bonds have declined for 2 years in a row and are on track for a third bearish year As economic weakness...

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Comments (1)

kelvin mutai Jun 07, 2023 3:43AM ET

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Treasury Bonds on the Verge of Breaking Out

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