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T-Notes Break Support, Bears Now Look To Projections

US TSYS

We should flag that the early weakness in T-Notes has taken the contract below downtrend support drawn off the August 28 low, with bears now looking to projections off the Jan 4-12 sell off vs. the Jan 27 high, layered in at 135-00 and 134-22. Contract last trades -0-08 at 135-06+, lows of 135-02 registered thus far.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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