After making another new low in the European trading session, the 10 year treasury note is getting a small bounce as we enter the NA trading session. Current market sentiment would suggest further selling in the 10 year taking it down to the 120.25 area. However, after a tremendous selloff like this, we believe a relief bounce is likely to take place. Ideally, we would like to see the 10 year treasury note bounce up to test on of the fib levels at 124.20, 125.18 or 126.07.
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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.