Courtesy of Chris Kimble
Bond prices have been under pressure the last 100+ days. What bond category has held up fairly well during this time frame?
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Ironic that JUNK BOND (high yield bond fund) has held pretty steady during this time frame? Suggested to get out of bonds in this post (see post here), before this big decline took place. Is it now time to buy the hard hit government bond/TLT sector? Yields have now reached a key 15-year resistance line! (see post here on dshort)
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I understood that for most it didn’t make sense to BUY BONDS the first of March, (see post here), yet we were able to make 15% during the bond rally (see post here) I understood that for most it didn’t make sense to SELL BONDS the first of September (see post here). I was able to pick up some decent gains shorting bonds (see post here)
Now I suspect that it doesn’t make sense to BUY BONDS again; yet from a pattern perspective, the “Power of the Pattern” is suggesting to do so after the 13%+ decline in TLT!
