Fixed Income Markets To the Fore

Originally Published In Charting the Markets October 31, 2007 9:29 AM

The TLT ETF tracks the Lehman Brothers 20+ Year Treasury Index. Fixed Income might not be your bag, but all eyes are on the Fed today and equities are not the only way to play it. Bonds yield are testing important technical levels, but cross currents leave us confused as to which way this will break.  We agree with Doug Kass that Bernanke looks more like Burns than Volcker. Desperate times call for desperate measures, but there is no easy way out of Ben’s situation.

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