Tuesday, September 13, 2005

Bonds and Notes

Here are updated hourly charts showing pit trading in the December t-bond futures and the 10 year note futures. I think the bonds are headed for the 121-123 range during the next month or two and that the notes will reach the 116 level.

Meantime my best guess is that the drop from post-Katrina top is complete. The bonds will hold support at the 1/2 point of their box near 115-28 and the notes will hold support near the 1/2 point of their box near 110-30.

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