Rhody Trader

A bond market analysis post by Chuck at Rebel Traders suggests that the interest rate market is at a pretty key juncture. Given that he seems to have a generally bullish near-term view on bond prices, I’m not sure why he titled the post Bond Market Blues, but whatever. Bonds, of course, were the subject of a recent strategy idea by a colleague of mine based on the If the US is Japan, Buy Long Bonds idea.

Chuck’s post is mainly technical in nature, but it’s worth tossing in a bit of non-technical information which relates. First of all, it’s quarter-end, which often involves capital moving around to fulfill reporting desires and/or requirements. Second of all, this is a very heavy data week, albeit a short one given the July 4th holiday at the end of it. This includes Thursday’s Non-Farm Payrolls report, which is often a source of market volatility. How bonds navigate this week could tell us alot about what the future may bring.

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