Tuesday, August 25, 2015
U.S. Treasury Bond Reverse Big Following 'Double Doji'
Bond futures fell today with yields rising by 15 bps. This 3+ point drop following a ‘double doji’ that warned of increased volatility. There have only been 10 such spirited declines in bonds over the last 5 years. Today’s price action confirms the bearish implications of the ‘indecisive’ prior session(s) and suggests still lower levels forthcoming.