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


To: SI User who wrote (53736)8/19/2013 10:22:27 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 221579
 
Good eye!!! Are you buying this morning? TIA

I'm looking at DRN...

GZ



To: SI User who wrote (53736)8/19/2013 3:29:01 PM
From: Kirk ©  Read Replies (2) | Respond to of 221579
 
Nice chart! Thanks for sharing.

In going over the list of stocks I follow for my newsletter update, I find several have fallen to their first decent support level. I also see some rotation. I recall Bill Gross and that other, new bond guru who had drugs in his desk.... both said on CNBC that when rates were below 2% and rising, that they thought 2.0% on the 10-year was a good rate... now it is nearly 3% so besides REITs, the 10-yr could be in for a nice rally here too.

What few say on TV is the US Government has already started the anti-Taper by borrowing significantly less than last year... Oddly, rates are still soaring... at a time there is lower demand. I haven't figured any inflection points to target, but I imagine there is a fairly decent bond trade from the long side in here somewhere soon.



To: SI User who wrote (53736)8/19/2013 5:09:49 PM
From: Brian Sullivan  Read Replies (2) | Respond to of 221579
 
BOND REPORT: Treasury Yields Jump To Fresh Two-year Highs

NEW YORK (MarketWatch) -- Treasury prices extended a slide from last week into Monday, pushing government debt yields up to fresh two-year highs as monetary-policy uncertainty continued to roil the markets.

The 10-year Treasury note (10_YEAR) yield, which moves inversely to price, rose 6.5 basis points to 2.890%. The benchmark yield, which has climbed over 75% since the beginning of May, is once again on pace to close at its highest level since July 2011, following a 24.5-basis-point-rise last week.

The 30-year bond (30_YEAR) yield rose 5.5 basis point to 3.904%, on track for its highest close since August 2011. The 5-year note (5_YEAR) yield rose 5 basis points to 1.621%, on track for its highest close since July 2011.

"Ten-year yields have moved out of the range they've been in since mid-2011. You've broken that technical support level," said Michael Cloherty, head of U.S. interest-rate strategy at RBC Capital Markets.