Check out this chart from StockCharts.com for $TNX
Analysis - since this yield it is a test for buyers at that yield apparently the auction was over subscribed but who are the buyers because its sure not the Chinese any more maybe the NAZI's?
Conclusion - ok in theory there cant be a below zero in rates I was taught that rates this low means the banks don't want the money and that it is being forced somewhere else stay tunes
Action - Buy
I will be switching to UST next week
Analysis - since this yield it is a test for buyers at that yield apparently the auction was over subscribed but who are the buyers because its sure not the Chinese any more maybe the NAZI's?
Conclusion - ok in theory there cant be a below zero in rates I was taught that rates this low means the banks don't want the money and that it is being forced somewhere else stay tunes
Action - Buy
I will be switching to UST next week
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