Near Term Trend: Neutral
Fridays close: Price 12609.5 Yield:2.232%
UPDATE: Last week, I suggested selling TY futures at 12611.0 with stops above that and with a target of 12408.0.
Treasury prices rallied up to projected resistance and closed Friday just below that key 12611 level. Below that level is still bearish for TY prices. Above it will signal more upside to come for bond prices as well as gold in all likelihood. Well have to see what happens.
Get short near 12611 with stops above that level and with a target of 12409.5.