Tuesday, October 12, 2010

Chart of the Day - US 10-year Treasury Note

As noticed in the weekly chart above, the US 10-year Treasury Note is in a strong downtrend triggered by the weekly SMA200 and 34-week time cycle. This technical setup was supported by Fed bond purchases - or the Fed actions were supported by this technical setup:) - to push longer term yields lower in order to underpin economic growth.

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