A crucial day for the U.S. interest rates: will Bernanke and the Beige Book be able to push interest rates upward again?
Poor reaction of the bonds to the words of Bernanke. The target 4/4 .25% of the head and shoulder bullish figure 2011-2012 is still open.
On interest rates, a closure of the 10-years Tnote on these levels would formalize a monthly hammer, a clear bullish signal.
Rates are rising again. The market fears that the Fed on July 31st formalizes the tapering. Area 2.90% is a USA 10 years buy area in my opinion.
Good lord. An older off-the-run issue and you look the price... Nobody in the mkt does that. At least talk about real yield or breakeven inflation or smth. Price is completely meaningless.