Tuesday, January 4, 2011
Long term Treasuries to benefit?
A commodity correction conveniently may cajole some of the herd into the bond. You know, the mechanism most needed for future inflationary policy? I am tempted to take a trade in this or IEF, now that our upside target on the long bond (4.45%) has been exceeded. Dunno, not sure yet, but a bullish MACD divergence was registered in December.