"They" certainly did not want to see something similar to June - July price action.
Obviously the make it or break it level was 127 on dec futures. Protected succesfully!
Weekly: - Look how important 127 is! Touch below Kijun, appr level of Kumo bottom and 100 weeks (!) WMA! Also a multi year key horizontal level is here. - Ichimou setup is neutral, with bullish bias. - Heikin Ashi obviously reflects undecision of last two weeks (due to FED)... this will likely change to bullish (more dovish FED -> less selling pressure on bonds) - Upper key is 130
Daily: - 127! -> Kumo, 100 WMA, and retest to previously broken downtrendline extension. - Ichimoku setup is slowly changing to more bullish again. - Heikin Ashi suddenly switched to bullish. Everything changed in "minutes" yesterday :-)
Bonds will perform well in any case: either dovish Central Banks will protect them, or in case of further global equity risk-off, they will act as safe haven. Simply bullish!
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Killy_Mel
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well i guess that was easy - no rate hike, no higher treasury yields) perfect short term reaction