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Treasury prices cut losses after jobless claims

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  • Yorkville Trading
    , contributor
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    I really thought we would get a rally after the Fed minutes yesterday. I think it just shows the propensity of the bond market to move lower now. A disorderly move down is never a good thing (except for the shorts of which I am one), so I would like to see a breather here and for the bond market to regroup. Overnight bond futures were looking very bad so it's good to see some retracement here this morning. I think bond holders should be taking a very good look at the potential damage that lies ahead of them because it is coming. Rates wont make a straight line up, but they will get there. 6% 30yr is where the long end normalizes unless the world economy really picks up, then it goes higher.
    22 Aug 2013, 08:52 AM Reply Like
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