The 30 Year T-Bond futures are logging large declines today on rising volume after CPI came in line with analyst expectations and U. S. manufacturing and industrial production made noticeable improvements.

It seems investors are making a return to risk, exemplified by another day of solid gains in the S&P coupled with a depreciation of the dollar against both the Pound and the Euro.

Meanwhile, the 30 Year T-Bond futures are distancing themselves from our uptrend line and 1st and 2nd tier downtrend lines. Today’s action in the 30 Year is important because it signifies a more confident investor. However, should the selloff in the 30 Year futures accelerate from here, investors may grow concerned again about rising yields and the dampening impact this could have on a fragile U. S. economic recovery.

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