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Friday, January 20, 2012
TYX weekly view...
So, have long-term interest rates bottomed? And if so, what is going to happen to the huddled herds clinging to them? I am not trying to be wise here because really, I am not sure. But two things for sure; the TYX is in a stance where it certainly can bottom and if it does, people clinging to the deflation scenario are likely to be very disappointed.