30-Year T-Bonds have broken out of their descending trading range. The measured move from this breakout targets the 137' region. Old resistance is new support at 132'-133' where both trend line and 50 SMA support resides.
30 year bonds as well as 10 year bonds have been under pressure. It's overshot, and about to abate imo. If you look at the ZB/ZN ratio, you can see, (much better) the very well defined support bounce.
Inflation! All Around the Globe..
US Dollar Decline as China Becomes Importer in 2013-2016
Bloomberg - China will curb its reliance on exports sooner than the U.S. can cut its budget and external deficits, removing a support from the dollar that will unsettle currency markets, Morgan Stanley's Stephen Roach said. "In the next three or five years China will move...
