"Go on, take the money and run"...Steve Miller.
This morning, Bond prices ran up and touched a ceiling of resistance at the 25-day Moving Average. But then Traders quickly sold Bonds, took some money by grabbing the profits gained and ran to the sidelines.
We literally saw Bond prices drop 38bp in a 15 minute time span. But this is becoming
a very common occurrence, as huge intra-day price swings and rapid directional changes
are now the norm.
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