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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (49380)4/7/2006 5:44:36 PM
From: Crimson Ghost  Read Replies (1) of 116555
 
TNX yield move well above summer 2004 highs to near 5% today very bearish for long dated bonds just as gold break above $500 some months ago was extremely bullish for POG.

Bonds short-term oversold and could bounce some next week. but we are nowhere near the ultimate yield peak IMHO.
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