See on the daily bar chart for March U.S. Treasury Bond futures that prices are in a solid downtrend and have this week hit a nearly four-month low. The bond market has been hit hard by the recent stronger U.S. jobs report, which strongly hints the U.S. Federal Reserve will raise interest rates in December–for […]
Clearly the trend has been higher in the last four months as June 30-yr bonds futures have climbed 8 handles. This weeks consolidation just below the 135’00 level could signal an interim top. A future trader could institute shorts with stops above the recent highs. Another option would be a bearish option play with an […]
US Treasury futures are lower for the third day running amid fresh signs of economic expansion, putting the yield of the benchmark 10-yr Notes on the cusp of rising above 3% for the first time in 2 years. According to ADP today the US added 176,000 jobs in August. A key gauge of the US […]
Find three charts enclosed in this piece; the NOB spread (long 30-yr bonds/short 10-yr notes), June 30-yr bonds and finally June 10-yr notes. Play your bias with 30-yr bonds as that instrument should move 1.5-3 times the action we see in 10-yr notes. That being said if the trade works as planned traders will make […]
Yesterday’s Stock market rally arrived right on schedule. Actually it was the most anticipated “bear market rally” in the history of the stock market. This of course leads one to be suspect on whether this rally has any staying power. the main thing to watch is the volume. As it begins to decline so will […]
