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Wednesday, August 15, 2012
30 Year Yield at Important Resistance
Now we will see if the deflation case takes another hit. I believe big D can come back with a vengeance later in the year, but I am not at all sure it will happen in the very short term. See the previous post on TLT, which looks bearish. If the long bond drops, rates will of course rise - right through the noted trend line on this chart.