Adjusted on: 6/1 30-Year Bond: The upside keys are 138.13 and 138.21. Strength WANTS to print 138.21 (and if the bulls
maintain control there the 141 area is in play)…but 138.13 needs to be looked at as a possible near-term top. Downside, it’s all about WHO controls 136.25 – with bear-control then testing 136.06.
10-Year Treasury Note: Trade above the pivot has only slight resistance at 125.24 to contend with as it goes after every level above there … and the bears MIGHT step in at each one. Downside, trade thru 125.01 lets 10s go after 124.00.
5-Year Treasury Notes: If the bulls take out 119.27 they will TRY to take trade up to 120.14_7 … guard against getting caught long below this pivot; it’s more a trigger for weakness than supportive – and the weakness will target 119.13. S