Rising interest rates have created a decline in treasury bonds not seen in modern times.
Well, they say crisis equals opportunity.TLT-Monthly
This may be the case today as we look at a long-term “monthly” chart of the 20+ Year Treasury Bond ETF.
As you can see, it has been a rough 3-years! And the crisis now has TLT testing 20-year trend support at (1).
It’s still early in the month, but TLT is attempting to form a bullish reversal at (1) while the Relative Strength Index (RSI) could be forming a higher low.
Opportunity for treasury bonds and TLT?
If support fails to hold at (1), the crisis in bonds reaches new levels of panic and concern.
All eyes are on support here and stay tuned.