Don't Ignore This Chart!

20+ YR T-Bond ETF Bounces off 200-day Moving Average


Treasuries caught a bid as the 20+ YR T-Bond ETF (TLT) surged almost 1% and the 10-YR Treasury Yield ($TNX) fell back to 2.7%. Both are above their 200-day moving averages, but TLT is bouncing off the 200-day and $TNX falling towards the 200-day. Put another way, TLT successfully tested this key average and $TNX is poised to break it.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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