It was exactly a year ago on December 31, 2013 that the long bond bottomed.
It continues to make higher highs and higher lows. Even the MACD shows no divergence yet. It was an interesting year. Who would have thought the 2 biggest leaders in the bond world would be leaving PIMCO? This chart surprised a lot of people every month.
Wishing you a happy and healthy, prosperous 2015,
Greg Schnell, CMT
About the author:Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).
Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018).
Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs.