US government and credit bonds are in a continuing uptrend over three years, whether short, intermediate or long maturity. Since April, when stocks began having trouble, the bond uptrend became steeper. In the past few days as some relief is being felt over the European crisis (far from good, just temporarily not perceived as so bad), US bonds have backed off a bit, but have not pierced a support line connecting recent bottoms. Long maturity bonds, expectedly, had the greatest upward and downward movement ...
The US market spent 5 days below the 200-day average, and rose above today, but has retraced only about 1/3 of the distance from its recent low to its April high ...
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