Mike Swanson's picture

Bonds Finally Rise in Market Move - Mike Swanosn (05/28/09)

Bonds finally rallied today after fallng for week after week in looks like an oversold bounce in today's stock market rally.

The yield on the 10-year bond has inched off of a 6-month high according to CNNFN.COM.

Today the Treasury Department sold $26 billion in year years notes in a debt action. After the action was over bonds finally moved up.

At the same time the dollar weakened a little bit while gold rallied. Gold stocks actually rallied nicely and did better than the metal did today too.

The slow economy and rising budget deficits under Obama have investors demanding higher yields on bonds. More updates to follow in the stock trading newsletter available to you for free.



[Most Recent Gold Stock Quotes from www.kitco.com]

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