Another Fed statement has come and gone, and Treasury bonds simply continue to march higher. The chart below shows the 7-10 YR T-Bond ETF (IEF) hitting yet another 52-week high today with a big move above 110. The indicator window shows the 10-YR Treasury Yield ($TNX) moving below 1.75%. The 2012 lows mark the next target in the 1.5% area and this means bond prices could move even higher.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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.
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