As John Maynard Keynes famously stated “When the facts change, I change my mind. What do you do, Sir?”. I am very close to changing my mind on the direction of long-term interest rates. The chart of the 10-year US Treasury Note yield shows that a formidable bottoming pattern has been formed during the past 8 months and a break-out above the 2.31% yield level could signal the end of the 30+ year bond bull market which began in the early 80s when Paul Volcker was Federal Reserve Chairman:
A well timed Treasury Bond short could very well be the trade of the year. We will be stalking this setup and share our real-time trade entries/exits in the ‘Trading Room’ at CHAT.CEO.CA