CGB: Heading Lower
Jason Sen | Apr 01, 2014 02:50AM ET
Ten-Year Government of Canada Bond opened below 129.90 unexpectedly heading lower than expected to bottom at 129.52. Immediate resistance at 129.95/130.00 should be a tough challenge, but above here a chance to fill yesterday's gap at 130.21/24. We should struggle here with a high for the day possible, but if we continue higher look for resistance at last week's high of 130.41/46.
Immediate support is 129.71/70 then yesterday's low at 129.52. A break lower today however targets 3 week lows at 129.35/25.
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