Major Top In Bond Futures

Those charts are all wrong. They're not properly "adjusted" at the end of 1999 when the CBOT Bond futures switched from an 8% coupon to a 6% coupon.
 
Quote from nazzdack:

Those charts are all wrong. They're not properly "adjusted" at the end of 1999 when the CBOT Bond futures switched from an 8% coupon to a 6% coupon.
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It looks like the chart made the adjustment with that 1 month bar going from 113 down to 90'ish. But you're right in that only a yield chart of the 30yr will capture the precise retracements.
 
It appears that an update has been posted about this coupon
issue that nazz was talking about.

I Googled that Sherman guy and I must agree in that he surely does have it in for the Chicago futures markets. Quite the character. Anyway, happy trading everyone.
 
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