US 10 year treasury note has pulled back in yesterdays trading action which is the perfect scenario we were looking for to buy the dip as a support level is now developed and new participants begin to enter the bond market. Currently the price is sitting at 127.60 but will likely get bid up again. We have a strong value area for bonds to the upside at the 128.25-128.50 range. After that we will be looking for the 129 handle and 129.30 level for daily resistance.
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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.