Bonds
ZB poked under 140^13 last week to almost make it to 137^25 before nearly recovering 140^13 at the end of the week. I can’t rule out another try at 137^25 but I think this is a dangerous spot to be short. Yes, I think there will be an eventual new low this year in bonds, but I think it best to assume a choppy bounce attempt is dead ahead. Next resi…
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