Bond rally nearing an end?

Hi all,

This is an amazing thread.

Any thought/opinion on what would happen to the long bonds in 2007? Is Tony still expecting a lower bond?

jim

 

Where do the big shorts start covering, looks like we have some support @ 110 '08/110?


el surdo

 

110^08 is the strongest. IF that fails look for 109^27.

110^16 smaller support that coincides with support in the 10s at 106'300

 

Thanks!

I am keeping a close watch on the daily close of the 10 YR Yield as well. 4.787 was the last closing high made.

el surdo

 

The feeling is that we are getting close to a low for the quarter. Not quite there yet, but longer term will be going higher.

 

I'll be watching 4.822 for support in the futures for the 10yr.

Also don't forget 12CST, 20yr TIPS auction.

 

2's and 5's on deck later this week as well, lotsa supply around.

el surdo

 

that may be your feeling. By the way the support is at 4.84...if we go through that and survive post-fed euforia around emplyment report then the rates are going even higher in February [fivish]

 

Correct. That is my feeling.
All I am looking is for a significant bounce off the 110^00-109^21

 

hmmm, five handle by february huh? I think if we make it through this brush up at the 4.83 mark there isn't much in the way between here and 5%... It's good to see a bit of two way opinions on teh boards, if everybody was aiming the same direction we're all basically dead when the contrarians hit us from behind...