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Something You Don’t See Everyday
September 9th, 2008 at 2:50pm · No Comments
Or even, something I’ve never seen ever before! The 10-yr note yields made a bullish range-bust reversal on Friday (red & white bar) and a bearish range-bust reversal (green & black bar) the next trading day. Both bars correctly forecast the next day’s direction. I’d expect to see the volatility in yields start to dampen, but there’s no indication that yields will reverse and move up any time soon.
Tags: Bonds
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