Currently: Long Looking to: Sell / short @ 137’04.5
As of 1/17/21 @ 8:37pm EST: 136’29.50
LAST WEEK: We suggested exiting longs and shorting TY futures on a bounce to 137’12 and with a covering target of 134’30.5.
UPDATE: 10-Year US Treasury Price futures are finally bouncing and are rapidly approaching our target for selling / getting short. We still see TY futures trading lower in the coming weeks – so this bounce has to be sold.
We would look to sell longs / get short at 137’04.5 with stops honored on a close above 137’12.5 and with a downside target for covering and getting long at 135’23.