Bonds: 10-12% further downside?

Based on the TLT pattern shown here, bonds may have much further below to go.

They've continued to steadily sell off as rates have continued climbing, and show no signs of a long-term bounce.

Target 1 has been breached, leaving target 2 in the crosshairs: $86-87.

Trade ativo:

$TLT down another 2% to $98 post CPI print.

The grind down continues...

Trade ativo:

News lows today...

Trade ativo:

New lows again: $97.04

Trade ativo:

Another day, another new low: $96.46

Trade ativo:

Now $95.57

Trade ativo:

Now $92.83

Trade ativo:

Now $91.90