If we take a look at the weekly bond market chart below we can conclude that bond prices have reached and completed what appears to be is a major long-term double top in terms of price.

The 52 week high was $153.11 made on July 25, 2012. The 52 week low of $134.08 was made on March 20, 2012. With the current price of US 30 year bonds at $146.09 it translates to a 2.93% yield. This is an increase from the lows in July 25, of 2.25%.

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