The Bond hit identical price lows on Monday and Friday, which tells us the Bond appears to be bottoming out. And even though prices were lower yesterday, the fact that the Bond never traded below Friday’s lowest level, left us hopeful that the bottom would hold. It did hold and prices are bouncing higher so far today.
This doesn’t mean that we are in the clear this week. As volatile as the market is we’ll keep a close eye on the Bond and hope for the best.
