30 Year Bond Price Breakdown

May 22, 2007: 6:01 PM CST

Recent price action confirms a downward break of consolidating trendlines on the 30 Year Bond futures (USM07), combined with a New Momentum Low, forecasting lower bond prices to come (and also higher bond yields).

Both outcomes (lower bond prices and subsequent higher yields) often isn’t the best scenario for the stock market, yet we’ll see if current action continues.

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(TradeStation)

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