Near-Term Correction In Yield

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By Mike Paulenoff | Published 06/1/2011 | Futures , Currency , Options , Stocks | Unrated

Near-Term Correction In Yield

If the upmove in 10-year yield from the October 2010 low at 2.33% to the February 2011 high at 3.74% represents the first upleg of a new bull phase (higher yield), then all of the action since the February high is a correction that should be bought ahead of a resumption of the prior upmove.

It is with that in mind that we look to add to our model portfolio position in the ProShares UltraShort 20+ Year Treasury (TBT) into current/near-term weakness.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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