Friday, November 12, 2010

10 years Yield still in channel(click on chart for larger version)... but...

Final chart of the days.... (This is new Friday event - I will post these on close on Fridays if at work otherwise over the weekend)

Comment:

  • Clear sideways channel which needs to be respected for now
  • 50 SMA has now turned from down-to-up in cycle terms (see chart)
  • 282/85 bps is key, key level.. 270 today
  • This is major surprise - QE2 (POMO) is in full mode today and yields continues higher ??  I'm really surprised

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