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posted on 13 March 2017

Near-Term Plunge Possible For Bonds

Written by , Rick's Picks

A proxy for T-Bonds, the ETF iShares Barclays 20+ Yr Treas.Bond (NYSE:TLT) has quietly slipped into no-man’s land with the recent breach of December’s bombed-out lows near 116.80.

bear.snarl

Even before this occurred, TLT looked like a good bet to fall to at least 111.97, the midpoint Hidden Pivot support of the pattern shown. But it would require only a breach of the July 2015 low at 114.88 to do very serious damage to the long-term chart.

Click for large image.

If the 111.97 target is hit, it would correspond to a rise in long-term interest rates to about 3.37% from a current 3.19%. And if TLT were to fall all the way to the D target at 100.79, yields would be around 3.84%. For borrowers in the U.S. and around the world, this would be more than just a turn of the screw.

Indeed, if stock prices were to fall simultaneously as seems logical, it would crush them beyond any hope of recovery. Meanwhile, any counter-stimulus equal to the problem would be tantamount to hyperinflation.

Author's note: If you don’t subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.

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