The long bond looks to be starting a reversal ….
Short term look -
Long term look -
The divergence has been building for some time. Market factors that would generate this sort of price action in the long bond appear to be accumulating.
Market internals have softened over the past few week, despite S&P and Nasdaq indices making new highs (i.e: breadth deterioration)
I think there’s a place for long bond exposure within a diversified portfolio over the near to mid term.