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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (38744)10/10/2012 1:35:06 PM
From: Keith Feral  Read Replies (1) | Respond to of 219434
 
They tend to push the yields higher into every new auction. Last month, they were pushing 1.62% bonds on everyone. They managed to grab another 8 bp's this auction towards 1.7%.

I haven't given up on the 10 year just yet. If JPM nails their EPS report this quarter, I suspect that would send rates up a bit. I just want to see them stay above 1.66% this month. That keeps the trend moving higher from the June close. This is the 3rd month in a row where rates have been ticking higher.

If they keep it slow and steady, we could see yields keep grinding higher again in November.