Treasury Bonds (T-Bonds)

The dominant chart construction in Treasury Bonds (T-Bonds) is the 10-month symmetrical triangle completed on the weekly continuation graph in late Jan. The Sep T-Bonds futures contract has decisively completed a 4-month inverted H&S pattern on the daily graph. The advance this past week also completed the 4-month congestion zone on the daily continuation graph (not shown). Factor (see premium service here) is long the Sep contract. Stops have been advanced to just below Wednesday’s low.

Please forgive me for making a quasi-political statement. The behavior of the U.S. interest rate markets and the jaw-boning of the Fed are at TOTAL disconnect. This highlights two facts – the Fed is incompetent and totally out of control and Janet “The Felon” Yellon is way out of her league.  I have known more about U.S. Treasury rates as a chartist than has Yellon as Fed Chief.

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