Don't Ignore This Chart!

Short-Term rates rising ahead of Fed

Even though the Fed is unlikely to raise rates today, the bond market is already doing some of the Fed's work. The 3-month T-Bill Rate ($IRX) bottomed at the end of November and surged over the last two months. Despite this big move, $IRX is still low by historical standards.

100316irx Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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