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Noteworthy Break in Bonds

IMG Auteur
Published : May 01st, 2015
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The US Treasury market topped with our upside Exhaustion Alerts in January and then found initial support around the weekly moving averages (30-week average on the long bond and 40- week on the TLT). The bounce was anticipated to provide a selling opportunity in the TLT in the range of 133 to 135. The rally petered out at 132.64 and is now breaking down. The major support will now be at the 100-month moving average around 108 on the TLT. This equates to a 2.7% yield on the 10's and 3.6% on the 30s.

24hGold - Noteworthy Break in ...

The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized.

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