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Bonds Dip As Stocks Rally 0 comments
This morning, the 10 and 30 year U.S. Treasuries are declining lower. The fall in the bond market comes as stocks soar higher and fear in the marketplace fades. Traders can easily watch a chart of the iShares Barclays 20+ Yr Treasury Bond (ETF) (NYSEARCA:TLT), and the iShares Barclays 7-10 Year Treasury Bond Fund (NYSEARCA:IEF) and see that both equities are coming under selling pressure. The popular TLT will have intra-day support around the $115.60, $115.00, and $114.70 levels.
The ProShares UltraShort 20+ Year Treasury (ETF) (NYSEARCA:TBT), and the ProShares UltraShort 7-10 Year Treasury (ETF) (NYSEARCA:PST) are trading higher. These inverse ETF's will trade higher with the bond yields. The 10 year bond yield is higher by 0.047 basis points to 2.035 percent. The 30 year bond yield is higher by 0.052 basis points to 3.188 percent. Please remember, the yields in the 10 year U.S. Treasury Note will have the most influence on mortgage rates.
Nicholas Santiago
InTheMoneyStocks.com
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