Here are daily charts of the Lehman Bros. 20 year bond index ETF and of the March T-bond futures. I last commented on these markets here.
As you can see both markets put in two consecutive daily closes above what I thought would be strong resistance. I believe this means that the late January lows will hold and that the trend turned up from there.
I am very bullish on the bond market, and especially on maturities 10 years and longer. I think TLT is headed for 94-95. I think the bond futures are headed for 120.
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