War tension has cause market participants to seek safe havens and we are seeing that play out in the bond market. This is interesting to note because 2 weeks ago the bond market was selling off on fears of expected rate hikes, which has now taken to the sideline on the war trade. It is extremely difficult to pin point where or when the market will reach certain levels as the price action is being driven by news. With that being said, intraday levels serves as good benchmark until a headline blows it out of the water, so heed the word of caution. For upside targets, watch for resistance at 127.75 or 129. 65. For downside support, look for 126.55 or 126.03.
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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.