20 year yields appear to be breaking out of a long downtrend which has witnessed a boom in the stock market since this asset's crash back in March of last year.
But now the winds seem to be shifting possibly again as now the TLT has started July with fireworks and yields appear to be flipping bullish.
This would be very bad for stocks.. however please keep in mind that this is a lagging indicator. Sometimes it plays out in perfect sync, sometimes it takes months to come into effect. Which means, the remainder of the year should be safe for equities. 2022 however, if 20 year yields confirm bullish, would be fair game to see the real crash in the stock market that many have been waiting for.
A play on bonds could be the potential bet/hedge in the distant future.
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