US Utra Treasuries sink to new low. The price of US Ultra T-Bonds have fallen below a key level of 180.00 (Trading view's instrument is decimalised and shows 18000), this is on the rise of US longer dated yields approaching nearly 2.5%. The 30 Year Rate is projected to reach 2.75% and even 3%, based on rising inflation as the US economy is expected to rival that of China's growth in 2021 - around a 7% gain in GDP. But don't expect the fall of Ultra Treasury bonds to be a straight line as growing yields means a growing demand for the bonds, pushing the price up and yield lower. Higher longer dated yields will also mean a switch from stocks to bonds challenging the current ATH in the Dow Jones and S&P.
