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Lower Bond Yields Lift Home-builders

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September 09, 2013 – Comments (0) | RELATED TICKERS: TOL

This morning, most of the leading home-builder stocks are trading higher at the start of the trading session. 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 are rallying on the back of lower bond yields is Toll Brothers Inc (NYSE: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 $33.00 area. 

Nicholas Santiago
InTheMoneyStocks.com

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