NEW YORK (TheStreet) -- Bond yields have been rising since Wednesday's FOMC meeting. Comex gold has been sliding, Nymex crude oil continues higher and the euro versus the dollar has been rebounding. These changing dynamics solidify the notion the Federal Reserve will raise the federal funds rate before the end of 2015. Markets tend to anticipate this event six month before for fact.
The yield of 2.108% on the U.S. Treasury 10-Year note is above its 50-day simple moving average of 1.986% and below its 200-day simple moving average of 2.192%. The same is true for the yield of 2.816% for the U.S. 30-year bond with its 50-day simple moving average of 2.610% and its 200-day simple moving average of 2.870%.
Investors seeking the safety of the U.S. Treasury market have been trading the 20+ Year Treasury Bond ETF (TLT). This exchange-traded fund is a basket of U.S. Treasury bonds -- with maturities of 20 years to 30 years -- that trades like a stock.
Here is the daily chart for the bond ETF:
Courtesy of MetaStock Xenith
The bond ETF had an open of $124.73 on Friday between its 200-day simple moving average of $123.45 and its 50-day simple moving average of $128.92 after setting an all-time intraday high of $138.50 on Jan. 30.
Investors looking to buy the bond ETF should place a good till canceled limit order to purchase the ETF if it drops to $120.33, which is a key level on technical charts until the end of the year.