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| US 10yr NOTE: Weekly Chart @ Close 05/17/2013 |
That said; the 'true' marker for a longer term Bear Market in US 10 year interest rates remains @ the 62% retrace of the last leg down in yields: @ > 2.85%.
Only then can one have a high degree of confidence that the search for yield has run its course & a reversion to 'normalcy' is underway?
