Treasury yields poised to spring higher according to technician

|By:, SA News Editor

"You must get ready. The long-term bear trend is poised to emerge from hibernation." The all caps message (not repeated here) comes from BAML chief technician MacNeil Curry. He says yields are either already at or fast-approaching levels from which a base should form and then the eventual resumption of the longer-term march upward.

For the long bond, the zone to look for is 3.25-3.28% (vs. 3.31% at the moment) and for 10-year paper, the range is 2.34-2.42% (vs. 2.45% at the moment).

ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBL