Interest Rate Roundup

Wednesday, May 23, 2007

Bonds at last ditch support

You know those old submarine movies? The ones where the captain would shout "Dive, dive, dive!" That's what things look like in the bond market right now. This "quiet" economic week sure is turning out to be anything but quiet for bond traders. We are at what I would deem last ditch technical support on the long bond futures, shown here in this chart.


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