This scenario of falling US yields is hardly on anyone’s radar. Stocks of the U.S. banking sector began to slide downwards.
The TLT is the major US government bond ETF.
A rising TLT, means falling US yields. A falling TLT, means rising US yields.
At USD 138.50, there is a long-term relevant, inner support line in the market. Since the end of February, the price has been swinging in the area of this support. A chart-technical bottom has formed, from which the price today begins to break out dynamically in line with the rules to the upside. A short- to medium-term rise of the TLT towards USD 148-150 is expected. Thus, a short- to medium-term rise in U.S. Treasuries. Vice versa, a short to medium term slide in US yields is expected. I am curious. Hardly anyone has this scenario on the radar.
The rise in Treasuries/bonds had direct implications in the US equity market today. Stocks of the U.S. banking sector began to move downward.