Treasury prices fell today as investors became more confident after better economic data and signs that the US banking sector is in better shape.
"More encouraging data and indications the stress tests won't be too detrimental to the economic outlook have taken some of the anxiety out of the market," said Kim Rupert, a fixed-income analyst at Action Economics.
This is putting my TBT trade inline as expected and is slowly creeping up. Resistance is at $52.95 on the 200 MA. But personal target price is $55.00
Huge jump in intraday chart of TBT after the lower demand of US treasuries.
Source: CNN Money
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