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Northern Illinois | I agree with your thoughts. However, (and here I am trying to justify higher prices and helping make your point) I think this website is more bullish then most and may not be representive of the trading population as a whole. I think this website is looking at a national yield in the sub 140 range (and maybe a lot lower then that) while the trade as a whole is in the upper 140 to low 150's range. So imo if this website is correct and we are way south to slightly south of 140 I think it is OK to still be bullish. If on the other hand the trade is correct and we are in the low 150 range well I think your feelings are very well justified. | |
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