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

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Original content Bob DeMarco, All American Investor