The 10 year treasury note is still falling further despite the 25 dips rate hike from Powell last week. It seems that the bond market is getting the memo on the fact that the FED wants to continue to remain hawkish, leaving ever rate hike on the table. As such. the momentum to the the downside has not let off. Currently we are looking to see if the level from last week at 124 handle will continue to hold as support or if it break down further.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.