The Day Ahead: AM Edition 2022-10-24

Yet another bond low but strong recovery

Oct 24, 2022

∙ Paid

Bonds

ZB took it on the chin again early this morning after a failure at 119^22 which prompted a quick spike under 118^22 before a sharp recovery. While I can’t be excited about shorting from here, I can’t say with confidence that a short-term low has been set since it is not clear there have been five waves down from the early morning high today. Droppi…

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