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Why the extended downturn?

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str8_chuter   Monday, 08/19/13 05:17:58 PM
Re: wer123 post# 386
Post # of 425 
Why the extended downturn?

Rates continue to go up. 10-year Treasury at 2.88% and headed higher still.

The CLO and CDO instruments inside RSO's portfolio are dropping in price as rates rise.

The great bond selloff that started in May has more to go on the downside.

All that aside, RSO looks thoroughly washed out. As oversold as this is, the stock should be due for a bounce in here somewhere. However, a bounce may be all one gets, without much follow through.

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