Near Term Trend: Neutral / Bullish
Fridays close: Price 12631 Yield:2.19%
UPDATE:
Last week, I suggested getting short up to 12607 with stops above 12612.5 and with a target of 12405.
Treasury prices rallied sharply this week as US / Korea / China concerns came to the fore. They blew through my 12612.5 stop trigger. Im still thinking this is an upside correction, but the new ceiling is up at 12715 12717.
Buy dips to 12613 with stops on a close below 12611 and with an upside target of 12715. Get short up at 12717 with stops above 12719 and a target of 12416.