01 October 2010

US10YY : Monthly Chart

  • Sep10 : Op 2.48 Hi 2.85 Lo 2.45 Cl 2.51
  • Not bullish (yield, or in terms of the chart) price action. Looks to me like we have to go below Aug10 low of 2.42% before this can form a bottom.
  • Holding onto 2.20% target. Mostly about massaging a trading position around the core long TY without getting stopped out before objective is met. [Good example of how not to do it is my recent corn trade. Did not trade it enough].

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