In last week, STI fell a solid 109 points from the opening of 3198 and close lower at 3089. A long black candle stick with short lower shadow indicates that investors began to sell on fear.
Key Economics Data report:
The dust has settled after a tumultuous week for bond investors, in which the yield on 10-year benchmark Treasury spiked above 2.93 percent, a high not seen since July 2011.
The bloodletting will continue with some predicting 10-year yields will hit the psychologically important 3 percent mark within the next two weeks. The “first test” of 3 percent rates on 10-year notes will likely occur in early September, with the release of the government’s latest payrolls report. The Federal Reserve has explicitly linked the timing of the tapering off of its stimulus measures to the unemployment rate, so a strong number could increase the prospects of an early end ...
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