Joe Friday: ''Interest Rates Could Rise Another 13%''

August 2nd, 2013

by Chris Kimble

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The yield on the 30-year bond created a bullish inverse head & shoulders, suggesting rates should rise quickly … and they have over the past 90-days.

Joe Friday: "20-year yield resistance comes into play 13% higher. TBF is up 12% in the last 90 days, doubling the S&P 500 (illustrated below).

If this pattern read is correct, TBF's gain could gain more, before resistance is hit."

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