Wednesday, 15 July 2009

US govvies

US government bonds are not popular these days. Their price is sliding since the start of this year and although last weeks a reversal could be observed, we can see on the charts that another wave of selling is underway.
The P&F chart of the iShares Treasury Bond 20 years and + ETF (ticker: TLT) shows that prices are slipping lower.





And the 60 minutes renko chart is confirming this negative development


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