After hitting 2.25% on the yields during the FOMC meeting, the bond market has found a bottom and is reversing. We are likely to see the bond market continue to climb higher and retest resistance. Levels tot he upside can be found at the 126 handle, while support can be found at the daily low of 124.010. How the bond market interprets the FOMC event after the release is going to be critical as the markets digest the 25 bip rate hike from the FED and access all the additional risk in this current market environment.
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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.