30-Year Breaking Down

Monday, April 05, 2010

The 10-year Treasury yield ticked over 4% today for the first time since June 2009. Bonds are seeing some selling all across the curve. The long bond broke through support after the positive jobs data on Friday gave fuel to the economic recovery camp. The TLT is seemingly quite a bit weaker than the underlying assets would indicate working well for my trade.

Disclosure: Short TLT.
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