Friday, August 27, 2010

30 Year Bond Tumbles on Bernanke Comment (Chart)


By Bob DeMarco
All American Investor

The 30 Year Bond tumbled 3 points on disappointing comments by Federal Reserve Chairman Ben Bernanke.

It appears that no new bond buying by the U.S. central bank is imminent and this triggering the biggest sell-off in three months.


30-Year T-Bond December 2010 (ZBZ10) Chart

Closes at the low are worrisome. The long term trend remains up but today's key reversal to the downside indicates that a real test of the trend is underway.

Also see

10 Year Treasury Peaks at 15.68 Percent



Subscribe to All American Investor
Enter Your Email Address




Original content Bob DeMarco, All American Investor

No comments:

Post a Comment