Its been awhile since I touched up on this chart. After we had the large breakout and immediate reversal into lower lows for the yield. This means that bond prices are rising most likely due to increased demand.
Usually, yields go up with a rising market, not the other way around. Which means that despite the recent market rallies, large amounts of money are still fleeing into the safety of bonds. This divergence either means that the bond market must correct heavily or the stock market will.
Usually, yields go up with a rising market, not the other way around. Which means that despite the recent market rallies, large amounts of money are still fleeing into the safety of bonds. This divergence either means that the bond market must correct heavily or the stock market will.
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Due to the retest and breakdown under the resistance line, good chances for bond yields to go lower and bond prices to rise. The bond market is also much more liquid than the stock market and its size in terms of capital is much larger, i think its fair to assume that the market will eventually break under the lack of new capital inflow
