T-Bonds and Gold Signal Impending Stock Market Break |
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Treasury futures rallied in flight-to-safety buying as yields in the 30-Year Bonds and 10-Year Notes plunged. Expectations are the Fed is likely to keep interest rates down for a prolonged period of time. Despite the early recovery in the equity markets, the Treasurys held their ground, suggesting that there is real concern about the condition of the economy. The fact that Fed officials are backing the call for a weaker economy is the key driving force behind the move in the Treasury
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