Long Bond - weekly status

While the hyper inflationists trounce the tattered d Boys and convert some of their highest priests, the long bond - denominator of the ultimate lack of value that it is - continues to look like it could reverse toward bullish.

Here we have a 'W' bottom having held at a trend line, and above support. MACD trigger up (but below zero), CCI bullish above zero and RSI dealing with resistance.

No matter if this thing rallies, buyers of treasury debt for anything other than sport - and trading gains - are playing the fool in the bigger macro picture. As the mental masturbation in the ongoing inflation-deflation debate implies, buyers of long term debt of the great inflater stand to ultimately hold the bag.

http://www.biiwii.blogspot.com
http://www.biiwii.com