Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

10 Year US Treasury Bond To Reach Over 108 By End Of Year

|Includes:iShares 7-10 Year Treasury Bond ETF (IEF)

I expect the 10 Year US Treasury Bond (NYSEARCA:IEF) to reach over 108 by the end of the year. This is based on the fact that magenta line reached the bottom of the channel on the monthly chart.

Here's a chart of the 10 Year US Treasury futures (price is green) and the Accelerator™ indicator lines. The minimum 108 target price is for the ETF (IEF) however which is currently 101.94.

Stocks: IEF