Sell the Long Bond

HenryTo · Posted: Fri Jun 03, 2005 10:47 am Post subject: Sell the Long Bond

The long bond is hugely overbought but the more significant development was the fact that the long bond had a pretty telling reversal this morning. Up (in price) on the lower-than-expected jobs number but reversed very soon afterwards. The yield is up (price down) one basis point as I am writing this.

The yield for the 30-year is currently at 4.24%. I think anyone who sells or shorts the long bond here should do relatively well in the coming weeks/months.

Henry

jchen0119 · Posted: Sun Jun 05, 2005 10:54 pm Post subject: Key reversal

Looks like a major key reversal pattern. Also would be consistent with the current bullish sentiment extreme.

http://stockcharts.com/def/servlet/SC.web?c=$USB