We sent out a few charts that bear watching this A.M.

I’m looking for a wiggle up in the 30 yr. Bonds. I’m also looking to sell the first 1 1/2 point rally expecting price rejection the first time up.

Can this wiggle turn into something bigger?

SPU/Bonds are getting close to the 2007 high.

Everyone is one way again and loaded to the gills.

You’re starting to see profit taking in the Yield curve steepeners.
( short the long end of the curve ” 30 Yr.” vs. Long the 2’s & 5’s.

Currencies get propelled by interest rate differentials.

That means if the 30 yr. catches a bid, this accelerates Greenback strength against the other majors.

TLT…shows the possibility of bottoming down here, however I have to dig deeper into the 30 Yr. for confirmation.

Closing above 130.25 in the 30 Yr. Futures would signal a good rally in the Long end of the curve and put the Dollar on firm footing.

This bears watching over the next week.

Short term Bond traders should look to buy the breaks down here before you sell.

Just be aware of the patterns and be patient.