We go into tomorrow's 30 year bond auction (Thurs. 13th 1pm EST) with price testing a significant swing low in an uptrend.
While we believe there are high odds that the bull trend in Bond futures is now over, the immediate play is for a post auction rally and a test of the 142 area (December 11 contract). If we are correct price should not venture much below the 138 level post auction.
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