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The One Trade The Worked May Be Over

Tired of losing sleep over short-term stock market moves? You won’t find a better night’s rest in the bond market.

According to RBS, “A bull-market correction in Treasuries has begun.”

According to Richard Volpe RBS anticipates a trend change after the weekly 10-year note yield formed a “hammer bottom” on Aug. 27, a “classic” indication of a “short term correction.”

RBS expects the correction will last from two to four weeks and counsels investors to wait until the 10-year note yield climbs to 2.87 percent before beginning to buy again.

They go on to say, “the long- term trend for bonds is still bullish, but we need to flare out excesses in bullish sentiment and positioning to get to a more solid footing.”

Check out our entire interview with Richard Volpe. Watch the video now!


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Trader disclosure: On Aug 30, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (AXP), (GS), (IBM), (QCOM), (AAPL), (GOOG), (BRCM), (TER), (MSFT), (C), (MRVL), (BMO), (V), (POT), (OXY), (GLD), (SU), (FCX), (APA), (XBI); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Pete Najarian owns (SCCO); Pete Najarian owns (TCK); Pete Najarian owns (PFE); Pete Najarian owns (CELG); Pete Najarian owns (CNI)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
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