Currently: Long Looking to: Sell @ 136’19
As of 2/19/21 close: 135’14.5
LAST WEEK: We suggested covering shorts and getting long at 135’23 with stops on a close below 135 and with a target of 140.
UPDATE: 10-Year US Treasury Price futures made it down to and slightly through our downside target of 135’23 this week. This move has started to capture the attention of the financial media. The close below 135’23 tells us there’s more downside in prices / upside in yields still to come. We would look to sell longs just initiated this week at 136’19 and would then look to short at 136’31.5. Stops on shorts should be honored on a close above 137’13 and with a downside target of 134 for covering.