Bond rally nearing an end?

The reason why I established a long position on US bonds while the dollar is still falling is because the treasury market doesn't seem to care:
1. Bond prices are just moving as expected since early April, so it's as if nothing serious would be happening.
2. Nothing serious is happening because the fall of the US dollar was not induced by the market but by government authorities.

Germany seems to be in pretty bad shape by the way.
 
Quote from gharghur2:

We do have guts, all going long before the FED.
Good luck!

Gemany's in bad shape?
What's keeping their stock market afloat?
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I will most likely remove my high 103 ZN stop prior to the announcement. I don't like trading during news events.
 
Quote from gharghur2:

Yes things can get fairly irrational, and stops can be triggered
Good idea...
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I may put in limit orders to scale in to new longs at lower prices instead in case we get a nice dip--although I will have to think about that. Generally that is the only trading I will do during news is try to fade.
 
I have my Bids and Offers in!

Credit Suisse out this morning with 5.08% being a "key support level"on the TEN YEAR. A close below would break the 13 day moving average for the first time since March. A close below 5.04% could then trigger a move to 4.96/.94%.
 
Hi Surdo,

I looked closely at the charts last night.
And there appears five waves down into last weeks low.
With the positive divergences set up on the daily chart.
It looks pretty good for a counter trend rally.

Hope the post FED action doesn't put in another low :)
A rally from here should get us back into the 110+ area on the 30yr over the next several weeks.
 
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