This article is brought to you by:
CONSENSUS
SIEGEL TRADING COMPANY, INC.
118 North Clinton, Chicago, Illinois
800-422-9903(March 21, 2002) FINANCIAL INSTRUMENTS: JUNE 10-YEAR TREASURY NOTES--The weekly chart paints a rather ominous picture for the credit markets. A classic head-and-shoulder top pattern along with the violation of the "neckline" support suggests sharply lower prices and yields eventually topping 6.5%. Apparently, signs of a rebounding U.S. economy have the Fed itching to raise rates to stave off any inflationary threat that may surface. Long-term objectives point to 95-00, however we doubt that this level will be reached any time soon. A close under 102-00 will set the stage for a drop to par 100-00.
Hosted by:
CONSENSUS, INC. AND INVESTORS
CO-OP
P.O. Box 520526
Independence, MO 64052-0526
816-373-3700
Fax: 816-373-3701
editor@consensus-inc.com