Today’s Call: 10 Yr Bond Yield to Fall (Price to Rise). Currently 3.228%.

Rationale – Congressional Showdown on Debt Ceiling to temporarily restrict supply of Treasury issues causing anticipation temporary increase in premiums.

Result of Call for May 9, 2011: British Pound to rise vs. USD. Was $1.64 ($1.6362):1. Currently $1.6393:1. Good Call

Calls to Date: Good Calls: 16, Bad Calls: 11, Batting .592