The Day Ahead: PM Edition 2022-04-11
Bonds heavy but should be close to a bounce/consolidation
Bonds
Yes, it is a negative that ZB slipped under 142^14 today but I expect a bounce or consolidation prior to pushing for the 137 or 135 handles which are the next major steps down. Dominant cycle has an ideal cycle low on the 14th, but I would consider this in the window. While under 142^14 ZB can extend to 140^19. First step in a bounce is to recover …
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