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Bond Weakness Extending to Corporates?

We have a technical divergence appearing on the daily chart of the Dow Jones Corporate Bond Price Index. After reaching a new high in August, the index pulled back, then went to a higher price point, while the MACD and RSI went to lower highs. The 50 day SMA is now beginning to roll over and has become very short term resistance. Could be that corporate bonds will follow Treasuries into a correction. Another indication that the bond market is repositioning away from a deflationary stance?

(click on chart to enlarge)

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