Short Term Trading Member Forum

[techcharter]

10 Yr US Treasury Yield Spikes

This is definitely a breakout move for the yield. Hardly anybody showed up for the auction. Financial institutes are going to have to unload their bonds to pay for subprime wtitedowns.

http://stockcharts.com/h-sc/ui?s=$TNX&p=D&yr=1&mn=6&dy=0&id=p99665117702


http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=tnx&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=3&freq=9&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=7168&ma=1&maval=50&lf=1&lf2=4&lf3=0&type=2&size=3&optstyle=1013



MER might be one of the companies unloading US Treasuries. Their chart since the November '07 lows shows a flat with an ending diagonal in the wave c position. The price should continue falling quickly.

http://stockcharts.com/h-sc/ui?s=MER&p=D&yr=0&mn=6&dy=0&id=p79998821804