Near Term Trend: Neutral to Negative
Friday’s Close: 129’225 (+ 2) Yield: 1.84%
UPDATE: The inverse correlation between Equities and Treasuries dissipated this past week, as both sectors appeared to come under pressure- although on Friday, S&P rebounded but Treasuries remained weak overall (Yields jumped 13 basis points (net) in the last five days).
More importantly, for the purpose of the June 10- Ten Year contract, the up-trend line dating back to December was violated last Wednesday.
I would sell the June contract on Mondays opening, and use a half point (15/32) stop.