Given that returning from the Labor Day 3 day weekend is known to cause big moves in this market, it appeared that most of the recent buyers decided to take profits today. In previous big yield years we don’t have clear cut direction. In 2009, Tuesday ended up being the low price for fall as trade started to lightly buy due to low test weight. In 2004, Tuesday simply continues the lower move on thoughts that yield was going to beat expectations…
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