I am starting to be very bullish on 10 year bond rates. This chart looks like we created a bottom last week after creating a major bottom last year.
People forget that things don't keep going up and, well, people got their faces ripped off in 2019. In 2020 there were signs of a bottom. I took a trade a couple weeks ago that profited on the drop in rates and I've entered a trade recently that says rates will go up.
This means, /ZN and /ZB should go down. Rates go up, ZB, ZN go down. Similar with TLT if you prefer an ETF.
This may be a 1-2 year trade for me that I will keep rolling but as of right now, this seems like a great entry. Not financial advice. Targeting 3.000 in 2 years.