Wednesday, July 4, 2007

Ten-Year Treasury Chart `Not a Happy 4th July Picture,' Says Citigroup

(Bloomberg) -- Ten-year Treasuries may decline,
pushing the yield up to a five-year high of 5.33 percent, based
on charts some traders use to predict future movements, wrote
technical strategists at Citigroup Global Markets Inc.

``This is not a happy 4th July picture,'' said New York-
based Tom Fitzpatrick and London-based John Noyce in a research
note dated yesterday. ``We can revisit 5.33 percent again.''


Read more at Bloomberg Bonds News

No comments: