Longer-term Yield Rising Ahead of Wed Fed Statement

The ProShares UltraShort 20+ Year Treasury (TBT) look like they are getting ready to break out of their July high level bullish coil pattern into a new upleg that projects next to 70.00-80.00.

At this juncture, only a decline that breaks today’s low at 75.18 will delay the anticipated upside breakout.

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