It is Confirmed. And it is Not Too Late to Join the Ride

After today's 20-year bond auction, I think it is safe to say that treasuries are officially on an uptick. Treasury investors showed strong demand for 20-year bonds today. A bullish bond market is good for equities in the current environment.

Yields sold off at the exact moment the auction data was released. I assume that investors are taking this as yet another piece, in a large pile of economic data, that signals an end to the Fed's rate hiking regime. The falling yields also weaken the dollar, which is generally good for equities.

If you were not able to catch this rally in the treasury market when I called it out at the beginning of the month, then it is still not too late. I believe there is still more upside to this rally. You could invest in just about any treasury ETF to participate in the rally.

Check out my previous comments on the treasury market by clicking the link directly below.

The only possible obstacles that could hinder the treasury rally are tomorrow's economic data. There is a 10-year TIPS auction and, more importantly, the Fed's meeting minutes.

The Fed has cautioned on pausing or cutting interest rates too early. They also stated that the decision to hike, pause, or cut would be data dependant. The recent economic data over the past month has been weak. I think that the minutes will point to a further pause. I also think that it is most likely that the Fed will not talk about a hike in the near future.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you vant afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.