The Day Ahead: PM Edition 2021-03-16

Mar 17, 2021

∙ Paid

Bonds

ZB did bounce a bit today but couldn’t get over 156^18 which is key for bonds to turn the ship. Thus, it is certainly possible that ZB pushes lower to test 154^31 before the next attempt at an advance. I could see the initial FOMC statement driving bonds down but something in the press conference causing a reversal up. I think a wave iii low is nea…

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