10-Year U.S. Treasury YIELD Comes In After Jobs and The “No” Vote

In reaction to a somewhat disappointing Jobs Report (released last Thursday), as well as some flight-to-safety behavior in response to the Greek "No" vote, 10-year YIELD has declined from 2.48% to 2.31% in what looks like it is following a prolonged, downside corrective path prior to embarking on a new upleg.

That is to say, instead of thrusting above key resistance at 2.50%, YIELD has rolled over towards another test of key, near-term support at 2.25%-2.20%, where I will be looking to establish a new long ProShares UltraShort 20+ Year Treasury (TBT) position (expecting long rates to rise).

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