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Are Treasury Bonds Forming Largest Bearish Reversal Ever?

Courtesy of Chris Kimble

The financial markets are panicking and it’s producing some huge swings across asset classes. One asset that may be producing a monster reversal is treasury bonds (TLT).

The flight to safe havens produced a sharp rise in the 20+ Year US Treasury Bond ETF (TLT). But that thrust higher was met with heavy selling the first 3 days of this week.

You can see this in the first chart below – a “monthly” chart the $TLT.

Thus far, the “monthly” candlestick has produced a monster bearish reversal wick. We have a ways to go until month-end, but if this reversal holds, it could be the largest ever.

And that would be very bearish for bonds on a “longer term” time frame.

The second chart shows the same reversal for yields, but it’s a bullish reversal.  Could the largest bullish reversal in yield in history be taking place in the 10-year yield? Possible!!!

The Bond rally and yield declines have created great concerns in the stock markets around the world. Could a bond top/yield bottom be good for stocks? It could in the short-term!

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