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
Original content Bob DeMarco, All American Investor
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