The Day Ahead: AM Edition 2021-02-19

Bonds slip lower while SPX moves higher

Bonds

ZB dropped a bit lower this morning to tap the lower end of the channel. I can see a little bounce from 163^11 but while under 163^28 can tap the channel again. Bonds probably need help from the equity market dropping to climb out of the hole. I think bonds and equities make their next inflection at the same time. That doesn’t look far off to me bu…

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