This past week saw a huge swing in interest rates at the long end of the curve with the long bond in particular getting knocked for a loop.

As you can see from the chart, prices plunged lower Tuesday-Friday with support being broken on Tuesday. The market had an intraday recovery that day but the next day, it commenced plunging again, this time being unable to recapture broken chart support which “reversed polarity” and served to cap the contract on the upside.

On Thursday, once the unemployment numbers were released, the bonds broke yet another layer of support ….continue reading  & view 4 more charts HERE