Intermediate Term Outlook For U.S. Treasury Bonds Downgraded To Bearish

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Intermediate Term Outlook For U.S. Treasury Bonds Downgraded To Bearish

By J Clinton Hill on January 4, 2009 | More Posts By J Clinton Hill | Author's Website

This post is a follow up to last week’s commentary on the overbought market condition for U.S. treasury bonds. As suspected, bulls threw in the towel on longer maturity U.S. treasury bonds this week.

Based upon technical analysis of the weekly chart for treasury bonds, I am downgrading their intermediate term outlook to bearish.

Related Securities: Treasury Bonds 20+ Year ETF (TLT) and ProShares UltraShort 20+ Year Treasury ETF (TBT).

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