Here is another look - the big picture look - at the long term bond market situation. Recall yesterday's $TYX chart with baby and big bro inverted head & shoulders patterns. Those would project the $USB breaking the 100 month EMA 'line in the sand'.When in doubt... INFLATE. Except that they can't do that from the other side of that 100 month EMA. At least not without destroying all confidence and bringing on a hyper-inflationary price spiral.
Merry Christmas!
Love,
Uncle Ben and Tiny Tim
