Near-term Correction in U.S. Treasury Bond Market Yield
Interest-Rates / US Bonds Jun 02, 2011 - 02:01 AM GMTBy: Mike_Paulenoff
If the upmove in 10-year yield from the October 2010 low at 2.33% to the February 2011 high at 3.74% represents the first upleg of a new bull phase (higher yield), then all of the action since the February high is a correction that should be bought ahead of a resumption of the prior upmove.
It is with that in mind that we look to add to our model portfolio position in the ProShares UltraShort 20+ Year Treasury (TBT) into current/near-term weakness.
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By Mike Paulenoff
Mike Paulenoff is author of MPTrader.com (www.mptrader.com), a real-time diary of his technical analysis and trading alerts on ETFs covering metals, energy, equity indices, currencies, Treasuries, and specific industries and international regions.
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