As we mentioned yesterday, there was a good chance that the bond market would likely pull back to the 127.70 level. We undershot that level by a few points but have now settle back into the support. With the current environment looking uncertain, we feel that bonds will likely continue to trend higher and therefore upside resistance at 129 and 129.7 continues to be our target area.
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.
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.