Painting The Charts

Fri, Apr 23, 2021 - 10:40am

An hour ago, we were set for a very nice Friday and weekly close. But the bond market turned and moved back to unchanged and then down a little on the day. The Spec HFT selling that followed has been accelerated by The Banks and now, as I type, prices are down on the day and back below the important breakout levels we've been watching all week.

Oh my goodness gracious.

So here's that bond market chart. Note that at 6:30 CT, the yield was 1.55%. By 7:45 it was 1.53% and the last at 9:00 is 1.565%....

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