The Fred Report - Weekly June 29, 2015

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Be prepared to use risk management, and be selective. We would use a drop to add to big banks, especially if they are hit by the Greek crisis.  TNX closed at its highest level since late September/Early October 2014. We believe this move could be the “real thing” – we could easily see rates back where they were before QE began, and quicker than most expect.

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