The battle between illusion (immovable object) and economic reality (unstoppable force) in the bond market is no trivial matter. The resolution of this war in terms of interest rates will have broad economic consequences. Consequences that would be deemed a threat to our national interests. The inflows by strong hands at support, spot-shadowed, illustrates the importance of the technical picture.
The war rages in the bond market.
In previous commentary, I also wrote "Beat the grass to startle the snakes." In other words, wait and see how retail money gets played. As in most markets, they didn't stand a chance.
US TBd (20 Years +) and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
US TBd (20 Years +) and the Nonreportable Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:
Source: The immovable object meets an unstoppable force
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