Commercial hedgers currently hold a sizable net long position in Treasury bond futures, while bond prices remain in a downtrend. Some market participants may view this divergence as noteworthy, although the price trend itself has not yet shown evidence of a durable bond reversal. *Schwab does not recommend the use of technical analysis as a sole means of investment research *All names and market data shown below are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security *Chart source: Bloomberg