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Monday
Jun242013

10-Year Yield Most Extended in 50 Years

The yield on the 10-Year Treasury Note has jumped another 13 basis points today up to 2.63%.  This has pushed the 10-Year yield up to 33.3% above its 50-day moving average.  As shown below, this is the farthest the 10-Year yield has been above its 50-day in at least 50 years.  Talk about extended!  At what point does this see at least a short-term turnaround?