Monday, 21 October 2013

10 year Treasury Note having a turnaround with an inverted head and shoulder pattern

Dear Friends,

It does seem that the recent no QE tapering seems to have turned the asset prices 180 degrees. Now treasury prices are seemingly bullish, and about to break the inverted head and shoulder resistance. Most likely it will soon. The yield rate has retraced a bit now and seems likely to be kept below the 3% mark for this year.



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