Yields are likely in early stages of significant multi-month retrace lower into summer 2024
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Good start
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Early stage
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More pulling back ahead
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Should start turning up
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Very good price action following the expected path
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I made a mistake with the instrument here, instead of TLT should have used IEF as 10 yr yields will fall faster than 30 yr yields
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It is highly likely that this upswing starting Oct 2023 extends into Oct 2025. Obviously no straight line but some correction starting Aug into Oct 2024
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Entertaining to say the least
Trend Analysis

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