All the best RB, have a great chrissy, look forward to your posts next year!
The 4 hour es again, closed out of the wedge/triangle last night,
also watch the Japanese/china escalation, could give the market an excuse to pull back for a week
Is the market signaling longer term rates to rise?
There was also 7 year UST sale last week that didn't show great demand..
The Treasury Department sold $29 billion of 7-year notes 7_YEAR +1.06% at a yield of 2.106%, higher than where the broader market was trading at the time and a sign of weak interest. The ratio of bidders to the amount of debt sold was 2.36 times, below the average of 2.57 times in the last six sales, and the lowest ratio since May 2009, according to Stone & McCarthy Research Associates.
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