Commentary, Equities, Featured, Interest Rates|October 5, 2012 6:45 am

Broz on Bonds

Adjusted on: 10/4

NOTE: NO “missing” levels in 10s/5s

Comments:
Bonds: On the number the KEYS are: trade ending up below 148.04 brings
ALL the lower levels into play; we still need to respect follow-thru above 150.09.

10s: LEVELS below 132.085: 132.055 pivotal; 131.26 target; 131.18 pivotal. On the
number, if trade ends up below 132.235 favor the sell-side. Losing 132.055 and especially
131.18 is VERY bearish. 5s: LEVEL below 123.195 is 123.15 major.
Post NFP, (downside) see who controlled 124.11-124.075. Don’t get caught long below
075. The pivot is the other key. SPs: 1473.25 is critical on the number (trade above it targets 1526).
Downside, a failure of 1410 is very bearish.

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Broz on Bonds

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