10 year treasury yield looking for direction from ISM
The treasury markets has continue to rally from yesterdays risk on bid across all markets. No meaning levels were tested in the previous trading sessions, leaving us with weekly high/low levels has significant points of reference for todays trading session. After that, we have resistance at 129.65 to the upside and and 127.80 to the downside. Bond market is now looking at income economic data for directional bias so keep an eye on the ISM data being released today.
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