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Since I have been updating many of my expectations this week, I thought I would write a quick article on bonds too.
To recap where we have come from, we successfully called the top to the bond market back in 2016, and then re-entered the long side of the bond market when [[TLT]] dropped just below 113. Our initial expectation was for a rally to the 124 region, followed by a pullback, and then expected that we would rally next to at least the 128 region.