the bond markets are pushing yields higher, so I would tend to agree.
Options expire end of the day tomorrow, however, and as you know, prices tomorrow will not reflect any kind of long term trend -- only short term avarice.
I find it more than funny that the bond market traders in Chicago are now going to try and push Bernanke the other direction on yields -- he said today they are prepared to cut again if they have to -- and yields went UP! Exact opposite of the quarter point campaign we had for many moons, isn't it?
Fun times.
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