Bond Market Says Lower Rates Ahead
Another Fed statement has come and gone, and Treasury bonds simply continue to march higher. The chart below shows the 7-10 YR T-Bond ETF (IEF) hitting yet another 52-week high today with a big move above 110. The indicator window shows the 10-YR Treasury Yield ($TNX) moving below 1.75%. The 2012 lows mark the next target in the 1.5% area and this means bond prices could move even higher.

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