US Treasury Bond. dt 6 Oct 2024.
Now what. In our july update we had given a buy trading call across all 2,10 and 30 year treasuries.
The last US Treasury Bond's update link https://www.dhirubhai.net/pulse/us-treasury-bonds-india-nse-index-20-jul-24-ketan-gohil-njvqf/?trackingId=GfkI6M6%2FTNGUmcXuihAPiA%3D%3D
30 year faces tremendous resistance at the 128-132 price band. Our recommendation is to book profits at these levels and buy back at sub 120-124 levels. with a strict stop loss of 119.
Our house view is that the bonds will stay in a broad range., will test both higher and lower levels. Long term charts have begun to change. There is no buy call yet. However., for the time being the downside looks limited. We will update once there is any change from the above.
Stay Profitable. Stay Healthy.