Short-term breakout of yields on the 30-year bond.

Posted by Chris Kimble on 04/07/2011 at 6:59 am; This entry is filed under bonds, Govt. bonds, Yields.

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Earlier in the week I shared that TLT was testing a key support line and discussed a game plan for TLT should price support give way. (see post here)  At (2) short-term yield resistance has been taken out. 

On a long-term/18-year falling yield channel perspecitve, the yield on the 30-year yield HAS NOT BROKEN key channel resistance.

Game Plan...The break of resistance should have triggered the stop on long TLT positions.

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