It’s everything
against the long end of the curve.
Spoo… 5850 is the key hold level to watch. Pit Spoo will have a stranded close.
Last weeks’ pit gap lines up with all the macro levels.
You got a couple of catalysts for this pressure relief over the weekend.
Republican law makers pass a spending bill that will raise the deficit will keep the 30 Yr. in focus.
Risk spreads are consolidating with the 30 Yr. keeping them bid. Making selling weakness in the Indices problematic.
Long term 50 yr. yield target is app 7.5%.
Gold has room to 3285.
Gold /Bitcoin is attempting to bottom for a trade.
Bitcoin still will require a weekly close above 106.500 to confirm higher.