Banks, Treasuries Falling To Pieces

Despite rising interest rates (which you’d assume is great for banks, but the economy is heading for such a catastrophe, even that isn’t helping), the SPDR S&P Bank ETF (NYSE:) has broken through important support. KBE Daily Chart Likewise, here we see that the iShares 20+ Year Treasury Bond ETF (NASDAQ:) has also broken lifetime support, which makes sense, since why would anyone want to give money to a country with $30 trillion in debt? TLT Daily Chart The last question is whether or not the trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left. US Long-Term Bond Futures

Banks, Treasuries Falling To Pieces

Despite rising interest rates (which you’d assume is great for banks, but the economy is heading for such a catastrophe, even that isn’t helping), the SPDR S&P Bank ETF (NYSE:) has broken through important support.

KBE Daily Chart

KBE Daily Chart

Likewise, here we see that the iShares 20+ Year Treasury Bond ETF (NASDAQ:) has also broken lifetime support, which makes sense, since why would anyone want to give money to a country with $30 trillion in debt?

TLT Daily Chart

TLT Daily Chart

The last question is whether or not the trend breaks as well. OK, actually, it has already broken, but I’ve provided an even more lenient one as well. There isn’t much room left.

US Long-Term Bond Futures

US Long-Term Bond Futures