Long Bond Treasury Cycles, Current Price Resistance And Fed Chairman Yellen's Comment Impact
- New Federal Reserve Bank Chairman Yellen surprises the market last week by introducing a more hawkish than expected potential interest rate hike time table.
- The treasury long bond reverses course on Friday and heads back to re-test resistance at the TLT ETF $108 to $109 price level again this year for the fourth time.
- Key active cycles and price vectors in the long bond Treasuries are coming into phase this month and what that may indicate regarding bond price action forward.
- A strategy to consider as we test the key bond price resistance level again for breakout or reversal.