Tuesday, May 12, 2009

Rates Setting Up For Surge

Rates have been moderating since last week's surge. Did the Fed intervene? Are rates moving too quickly?

On a weekly chart, we can see that there is still a strong upward trend that the rate is resting on. The line comes in at 3.16% on the 10 year rate. In recent posts, we have identified similar situations "inter-week." Rates always seemed to rally from this trend. We will be positioning ourselves appropriately,

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