August 4, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Long Yields Rise

Please click here for a chart of 20+ Year Treasury Bond ETF (TLT).

Note the following:

• The chart shows that long bonds are falling because yields on long bonds are rising.  Bonds trade inverse to the yield.
• The trendline on the chart shows that TLT had been making lower highs prior to the sudden drop.
• The chart shows that TLT has now fallen below the prior support zone, which has now become the resistance zone.
• The chart shows the next support zone.