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More pins for the bubble from The Market Ear.
The 10 year
US 10 year broke above the massive 4% level, and printed new recent highs before the Friday down candle. 4% is the big support. Let’s see if this is just a flag before we try to big 4.2% resistance again and make the big break out, or if this goes back inside the big range…
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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