Capitulation

Gentlemen, we have capitulation.  10-yr note yields just plunged below our rising channel of support, blowing through our 2.02% target.

2014-10-15-TNX daily 0700

Cue USDJPY for emergency hockey stick operations.  All Fed presidents, report to CNBC.  Mr Buffet, please report to makeup.

Should be a heck of a bounce from here.

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