We were wrong on our call yesterday as we predicted the bond market will continue to go higher. We still stand by our call for higher moves in the bond market although on the daily, it pulled back more than we had anticipated. As of now, the bond market is finding support at a key area in the 127.10 zone. There is also a trendline support here as well which suggest to use that this area will be difficult to crack. We will be looking for buying to come in around this zone with target to the upside at 127.75 or the 128 handle.
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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.