FED members have been hard at work this week reiterating to the markets their stance on interest rates. As a result the bond market has been selling off quite a bit, bottoming out the 122.65 level. We believe that this bottom will hold for now and that a bounce is likely to happen going into the Friday close. As a result, we will be looking for short target to the upside for today. There are levels to be found at 123.57 and 124.26.
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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.