US Bond Analysis

US TBond Futures

The US Bonds and yields have been the driver of the recent market sell-off so what have we got to look forward to in the near term. We expect to see price extend lower, as bond yields increase, into the extension zone marked on the chart. From there, price would be well and truly extended so we are leaning towards a bounce in Bond prices which would be welcome relief for shares. There may still be some pressure applied to shares if yields spike hard (bonds drop) so we are happy to watch the action play out for now.

Current Price : 145’26

Status : On watch for a spike lower