Bond market settling in at 2.9% yield - #bonds

The treasury market has been dropping hard with a predicted target at 3% on the yield. Currently we are only sitting at 2.9%, which means we still have another 10 bips to fall before the market is satisfy with pricing in the aggressive FED tightening cycle. We are looking for a break of the most recent low at 119.45 and the next target for the 10 year treasury note can be found at 117.60.