Contrarian Bond Trade

US10Y - bonds have been in a 40 year bull market. i.e. bond yields have been coming down STRUCTUALLY for 40 years.

Next time you meet a rich bond trader, tell them to stop bragging because you just needed to go long in 1980 and you were good.

What this chart shows pretty clearly is a reverse H/S one of the best indicators to show a change in trend -

The contrarian trade would be if yields go higher - that would be a portfolio wrecker...