Fed language on rate hikes changed slightly but mixed views on US growth and labor market still Treasury prices. Moreover, ECB’s bond buying program seems to implicitly help Treasurys, which bottomed the day that the European QE was put into operation. The market is stuck between 125 and 131 in the last 6 months. Price needs to stay higher than 128 to keep the current upward momentum intact. A break above 129.20 will reinforce the upmove.
US 10-year Notes (5-hour candles):
Chart from http://www.Investing.com
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