Monday, December 7, 2009

JPMorgan Chase Stock and the 10 Year Treasury

In followup to yesterday's post about the importance of watching JPM, here is a 5-year chart showing the close correlation between its stock price and the 10-year Treasury yield. The higher the yield, the higher the stock price.

Bears on JPM might be safer with the 7-10 year Treasury ETF with the stock symbol 'IEF'.

Bears on the 10 year Treasury might want to express that point of view by being long JPM.

Copyright (C) Long Lake LLC 2009

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