Bond Investors Should Watch Utility Stocks

Utilities due to their high yields and borrowing needs are often considered an equity proxy for bonds. The down trend in Dow utilities to gold ratio (DJUAGOLDR) suggests not only currency devaluation but also caution for bond investors until 2016.

Dow Jones Utility Average (DJUA) to Gold Ratio


Another round of outflows from the bond market should mark a tradable top.

US Treasury Bond 20YR+ (TLT) And US Treasury Bond Diffusion Index (DI)