The bond market made another new lower low in the overnight trading session. Its becoming clear to bond market participants that the FED and central bankers around the way are serious about fighting inflation. As of now, the yields on the 10 year hit 2.56% overnight and is likely going to continue to go this way until something breaks. Next target for the bond market would be 2.75% yield with bond prices at 120.80 or 3% on the 10 year at 117.80.
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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.