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Developing? Yields are 90 bps off their lows! Not that I disagree with
you. Note that a lot of technicians have a line inthe sand near 5 5/8%,
so you might see that area protected. If it blows, cud see some longer
term money fly out of bonds!
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Curt Fox wrote:
>
> Realtraders:
>
> Don't look now but the 30 yr. bond yield broke out above 5.50% today. Next
> resist. at 5.75%. Also, momentum studies are clearly pointing to a
> developing uptrend in yields.
>
> ------------------------------------------------------------------------
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