Here is my earlier chart of 10 year yeilds. Recent price action suggests they are still basing, STO and RSI-7 looking more positive. A break above the 50 day MA would be a stronger indication of a medium term breakout. (Though rumours of more bank failures could see another rush to treasuries)
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I have just published a post on the outlook for long bonds. Here is the link:
http://www.investmentpostcards.com/2008/03/28/picture-du-jour-us-long-bonds-in-injury-time/
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