Technically, Bonds have failed to hold on to support at the 200-day Moving Average, but we have dipped below this level a few times over the past couple of weeks. There are several layers of support below. So, at this time, I will recommend floating. If anything changes, I'll let you know.
Market Insights 10-10-2007
Yesterday's Fed Meeting Minutes pressured Bonds lower. Why? The main reason is that the less vigilant tone towards inflation has Bond traders thinking that nobody is in the Bond's corner, if inflation is allowed to emerge.
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