Bonds and notes
3 responses | 2 likes
Started by cutworm - Aug. 1, 2018, 9:18 a.m.

Today we have the Fed announcement on rates at 2 pm. eastern time .

Bonds are near support at 142ish sept. on the daily chart.

The bonds look weak here currently down .71875 at 142,25.

Next support is the 139.5 area.

10 year  notes also near support at 118.9 currently at 119.17185 If broken next support 118 ish

Both are below the 50 and 20 day averages.

Disclosure  I am short big via TMV

Comments
By cutworm - Aug. 1, 2018, 9:22 a.m.
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Bonds testing support.  If broken there could be a waterfall effect?

By cutworm - Aug. 1, 2018, 2:15 p.m.
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fed keeps rates the same. out with nice profit. still watching this market long trem

By metmike - Aug. 1, 2018, 3:57 p.m.
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Thanks cutworm. Keep us updated. This is wonderful.