Bonds: 10-12% further downside?

Based on the TLT pattern shown here, bonds may have much further below to go.

They've continued to steadily sell off as rates have continued climbing, and show no signs of a long-term bounce.

Target 1 has been breached, leaving target 2 in the crosshairs: $86-87.
Transaction en cours
TLT down another 2% to $98 post CPI print.

The grind down continues...
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News lows today...
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New lows again: $97.04
Transaction en cours
Another day, another new low: $96.46
Transaction en cours
Now $95.57
Transaction en cours
Now $92.83
Transaction en cours
Now $91.90

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