Last week I wrote piece that the 30 yr. Futures would print 157.17.

I stated in that piece that i didn’t know how much price rejection you’d see off the level, only that it should reject the first time up.

It rejected the level for 20 ticks only to make a new high for the night.

30 Yr. Futures…30 minute chart

Let the U.S. session set up and pay attention to the Risk Spreads.

The Bond side of the spread will be a tough sale.

If this is indeed a near term extreme matching the 165.50 level in the Bund, it will take a day or two to turn.