Ten year notes went through the intial target but also through the recent stop level of 124'13.5. There is a lot of support in treasuries from the Fed and the current enviornment of general uncertainty. Assuming no large, late selloff, the ten years will look more neutral tomorrow.
I thought the notes may continue lower if stocks held up near the buy zones and showed some strength. It's too early to say that won't happen but not soon enough for the notes. With SP's currently 903, it is a reasonable place to sell put spreads to gain a little long exposure.
Posts
