Ten-Year Government of Canada Bond has immediate resistance at 138.05/10 but any shorts need stops above 138.20 for a move towards last week's high at 138.47/53. We are overbought so we should struggle here today but above here can target 138.65/68. If we continue higher we could reach 138.90/93.
Failure to beat 138.05/10 and a break below yesterday's low of 137.90 keeps the market under short term pressure for support at 137.77. If prices continue lower look for good support at 137.57/54 for a buying opportunity, with stops below 137.40.