Bonds still working to drop under the daily moving averages and 145^02. The two hypothesis presented on the chart, either down in 'i of (iii)' or 'b of (ii)' start out the same way for a couple weeks then diverge where the former will eventually make new lows for the year versus the later where bond prices will pop back up into overhead resist in September or October. First step in either is to close under the moving averages.
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