Monday, September 28, 2009

Long Term Interest Rates at juncture

Long term interest rates in the form of the etf TLT (20+ year U.S. Treasury bonds) is at an interesting jucture.

As you can see from these charts by it is approaching a long term overhead resistance as shown by the white line. Each time TLT has reached this area it has eventually gone lower. Will it do so again?

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