Is The 10 Year Note Going To 1% ?
Michael Seery of Seery Futures - InsideFutures.com - Fri Aug 23, 10:59AM CDT

10 Year Note Futures---The 10 year note in the September contract settled last Friday in Chicago at 130 / 29 while currently trading at 130 /28 ending the week on a positive note up 19 ticks continuing it's bullish momentum. President Trump had some harsh words towards China talking about taking business out of that country and bringing it back to the United States as a tariff war certainly is at hand and that is sending money flows back into the entire bond sector.

I have been recommending a bullish position around the 128 / 00 level and if you took that trade continue to place the stop loss under the 2 week low standing at 129 /17 as I see no reason to be short the bond market as gold and silver are sharply higher in today's trade.

For the bullish momentum to continue we have to break the August 15th high of 131 /11 as that could happen in next week's trade as the yield right now stands at 1.54% and if you have followed any of my previous blogs you understand that I think prices are headed down to the 1% level soon. At the present time this is the strongest trend to the upside as there is huge demand for U.S treasuries as they are still yielding far above the rest of the world as the next major level resistance is all the way at the 132 / 00 level

TREND: HIGHER

CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW

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