Friday, 16 August 2013

Remember this 10 Year Treasury Yield chart? The new 2 year high yesterday is causing Dow dropping 220 points

Dear Friends,

Remember that we mentioned from now on, we need to focus on this chart. The drop of 220 points yesterday is caused by this rising yield of the 10 year treasury note, also is regarded as the long term interest rate.

Do pay attention to it as the coming months can be volatile if yield continue to rise... 2.77% now.

This happens when we are still adjusting to a rising interest rate.

More explanation on treasury yield:

STI is the Only Flower stuck in a pile of Cow Dung! - The only major index in Asia that is in the Green

Dear Friends, A few days ago, I issued a post on where I think is the accumulation area of STI - 3300-3350. Yesterday it dropped into thi...