Tuesday, May 4, 2010

30y T-Bond breaks Key Resistance at 120. Yield curve is steepening.

30 Year T-Bond broke the Key Resistance level at 120.
That's called Flight to quality.

Weekly chart of the 2Y/10Y Yield Spread shows a mid-term Steepening inside the Long-term Flattening trend channel. Anyway it's a sign of Inflationary pressure in the near future.

The Yield curve is clearly steepening.

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