Friday, April 07, 2006

T-bond Update

Here is an updated 15 minute bar chart of regular hours trading in the June T-bond futures. I commented on this chart earlier today.

I think we have seen the day's low at 107-26 and that the market will rally between one and two points from here over the next few days.

1 comment:

Anonymous said...

Congrats on your bond call, Carl. Frankly, I was doubtful that the market would get much below 109. You have been looking for 107 handles for a few weeks and were right on the money. Do you see this as a significant low for the move, or just a spot from which to bounce within a longer bear market?