Chart of the Week (Follow Up)
Last week’s Chart of the Week was the yield on 10 year Treasury bonds. See figure 1, a weekly chart.
Figure 1. $TNX.X/ weekly
Yields have yet to close above the 1.176 level on a weekly closing basis. As our bond model is bullish, I would view this as a good low risk entry to bet against yields (i.e., expecting higher bond prices).
We also had a bonus Chart of the Week last week and this was copper. I interpreted as bearish and the price action was exactly that. I remain bearish on copper. See our Chart Book for greater details.
More on this topic
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Q 1 2013 Credit Market Review and Strategy
(Sensible Investments, 5/6/13)
Massive Short Squeeze in Copper
(Gold Stocks Today, 5/3/13)
Investing in Chinese Copper Demand
(Wealth Daily, 5/14/13)
Category: Bonds
