Thursday, February 3, 2011

Two Year Treasury

The US debt is rolled every four years.  That number boggles my mind.  Needless to say, the US has more interest rate risk at the shorter end of the yield curve.  Below is a chart of the two year treasury in price.  The trend line it has been testing has not failed in three years.  Like many long term trend lines they have been tested a lot more than normal and have not easily bounced like prior tests.


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