NFTRH and the blog have been following the various measures of the treasury bond market's line in the sand - the 100 month exponential moving average on the long bond - for some time now. It is of utmost importance to people who want to get a step ahead of Bernanke's "playbook" as Steve Saville calls it. For readers who may not be clear on what I am talking about, here is Saville with a really good explanation as to the interdependence between the treasury bond market and the Fed's ability to do what they ALWAYS seek to do, inflate the money supply:
Monetary Inflation & the Fed's Exit Strategy
