We note that the bond market has been marching towards the 2.15% on the yields, however, there has been news as of late pushing bond prices higher. We believe that these short terms pops in the market will offer opportunity for traders to sell the rally as the over market is still pricing in rate hikes for the next FED meeting. For levels to consider adding a short position, look for 127 handle or 127.05 as areas of interest to short.
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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.