Point & Go Figure: FVX, TNX, TYX, TIP
Yesterday we saw some significant technical changes in the bond market based on chart views of the yield indices.
5YR Yield Index (FVX)
U.S. 10 Year T-Note Index (TNX)
U.S. 30-YR Yield Index (TYX)
iShares Lehman US Treasury Inflation Protection Bond Fund (TIP)
Interesting chart given the Fed's (and everyone elses) worries about inflation. Broke a triple bottom recently, and violated trendline support back in July.
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I have added text and illustrations to the charts where necessary.
Charts courtesy Dorsey, Wright & Associates.
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