It’s no secret that we have been bearish on bond prices for months now.
However, by looking at a few technical ‘highlighters’ we are beginning to wonder if the rout in bonds might be nearing an end? ¬†At the same time, the market has had time to digest all news currently in play in the market. ¬†The Fed rate hike. ¬†A reflation’¬†possibility has been discussed ad naseum. ¬†At a certain point, it is digested and thoroughly priced-in.
We haven’t taken any actions yet. ¬†We are still technically ‘bearish’ on bond prices.
However …¬†the bonds charts’ are dominating¬†our screens as of late …