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 aktif:

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

The grind down continues...

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News lows today...

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New lows again: $97.04

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Another day, another new low: $96.46

Trade aktif:

Now $95.57

Trade aktif:

Now $92.83

Trade aktif:

Now $91.90