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Yield Spike Drops Bonds Sharply (Read 761 times)
inthemoneystock
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Yield Spike Drops Bonds Sharply
12/01/10 at 15:31:52
 
This morning the yields on the 10 and 30 Year Treasuries are spiking higher. The yield on the 10 Year Treasury bond is surging higher by 14 basis points to 2.94%. This bond has a sharp effect on mortgage rates. The yield on the 30 Year Treasury note is higher by 11 basis points to 4.21%. This is causing the highly popular iShares Barclays 20+ Year Treasury ETF(NYSE:TLT) to trade lower by $1.64 to $96.77. There will be short term intra-day support for the TLT around $96.50 and more at $95.80.  

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