The treasury market has been trending downwards this week in anticipation of the big FOMC event. Its important to note that the bond market erased all of the war risk and made a new low, settling in at 2.17% on the 10 year yields just ahead of the FOMC. With the trajectory that this market is going, we believe that 2.25% in the 10 year is within sight. Furthermore, the FOMC would be the catalyst that could quickly take bond market to that level this afternoon.
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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.