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.  


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