Ten-Year Government of Canada Bond held resistance at 131.86/88 for the fourth day in a row. The 4 day low is at 131.49/46. Try longs here again today with stops below 131.35. Go with a break lower for gap support at 131.30/25 & the next buying opportunity. A bounce from here is expected but if prices continue lower look for the next support at 131.11/07.
Immediate resistance at 131.86/88 could hold a move higher again today, but be ready to go with a break higher to target 132.12/15 for a selling opportunity with stops above 132.28. Above here can target May highs at 132.55/57 for the next selling opportunity.