So I guess if I am in the near-term bullish (inflationary) camp I am also in the long-term yields rising camp. Therefore I am inviting the 20+ year Treasury bond bear fund round the campfire to toast marshmallows with my other holdings.

The 10 & 30 year yield breakouts have failed, but you may recall that the view included a lot of noise in-week around the FOMC (non) event. So I’m giving it a shot with the pattern still intact. Again, this is the would-be ‘small’ play in service to a possible much bigger one out ahead. Am I too nerded out with all the macro stuff? Maybe. Maybe not. We’ll find out in the coming weeks/few months.


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