Friday, May 18, 2007

10 year note

Last thought before the weekend starts, check out the 10 year t-note yield above. Looks like a clear breakout of the downtrend from the highs back in June last summer. The 5.30-5.40 area is huge and is something to watch for. Could it be that rates go up to compensate for risk? Someone needs to explain to me how this can be good for stocks. But heck, why let facts get in the way of a good party.

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