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Lower Bond Yields Lift Home Builders

By Nicholas SantiagoBondsSep 09, 2013 01:51PM ET
www.investing.com/analysis/lower-bond-yields-lift-home-builders-183044
Lower Bond Yields Lift Home Builders
By Nicholas Santiago   |  Sep 09, 2013 01:51PM ET
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Most of the leading home-builder stocks are trading higher. Today, bond yields on the 10-year U.S. Treasury Note are lower by 0.4 to 2.89 percent. Traders must be aware that home-builder stocks are trading inversely to bond yields at this time.

One of the leading home-builder stocks that is rallying on the back of lower bond yields is Toll Brothers Inc. (TOL). This afternoon, TOL stock is trading higher by $1.18 to $31.62 a share. Swing traders should watch for near term daily-chart resistance around the $33 area.

Toll Brothers
Toll Brothers

Lower Bond Yields Lift Home Builders
 

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Lower Bond Yields Lift Home Builders

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