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Bonds Extending Lows

US TSY FUTURES
Long end Tsy futures leading sell-off, extending early session lows last couple minutes, albeit amid very light volumes: TYZ2 still under 195k at the moment, USZ2 <40k.
  • Moving average studies remain in a bear mode position and attention is on the key support and bear trigger at 110-19, Sep 28 low. A break would confirm a resumption of the primary downtrend.
  • Comments from Chicago Fed President Evans at NABE bank conference not exceptionally market moving, more of the same regarding combating inflation while job market strength "may be waning."

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