30-Year Bond: Upside, we’ll get some clues to how weak bonds really are by what happens at 136.09 and 137.07…successful bear-holds of either keeps pressure on the market…weakness off the pivot wants to move to 134.05.
10-Year Treasury Note: 2.50% last seen 125.045. Weakness SHOULD move thru 124.085 and print 124.005. BOTH 123.22 and 123.00 are first-touch fades. Upside, if the bulls can get trade thru 125.19 they’ll target at least 126.00.
5-Year Treasury Notes: Taking trade back up thru 119.15 lets the bulls try again to get prices thru 119.27 (which will move to at least 120.045). Downside, BOTH 118.295 and 118.195 are first-touch fades (you can really make a case for a weak market moving to 118.195).