I’ve made much ado here lately about a possible bottom in Treasury rates, but take gander at the chart I’ve included with today’s tout for the June 10-Year Treaury Note. If the futures blow past the 123^21 target I’ve been drum-rolling ostentatiously for the last week or so, the implications are bullish beyond anything I’ve yet to imagine, let alone comprehend. I’d be most interested in any comments you might have about this in the chat room, so don’t be afraid to let your imaginations run free.
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