Bond Yields Turning Higher?

12/16/2009 9:45 am EST


Thomas Aspray

, Professional Trader & Analyst

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Even though the PPI numbers were higher than expected on Tuesday, few expect the Fed to take any action on rates today. The monthly chart of 30-year bond yields shows they have been rising for the past few months and the downtrend in momentum has been broken. The 14-year downtrend in yields is in the 5.0% area.

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