US Treasury Bonds. India NSE index. 20 Jul 24.
Once again the bond markets are at an inflection point. We do not have any long term signal .( i.e. holding over 6 months period in bond markets ) However. ,for a trader., there might be some good opportunities.
2 year bond above 102.90 close ., along with 30 year bond close above 121 ., could be a short term long trading call. 30 year bond could come to 125 and then 130 area. If this happens and the price stays in this 120-130 range for a few weeks or months., then we might have some long term trend reversal happening. So far ., lets just go with the trading call.
As far as the Indian markets are concerned., we have given an exit call last week across all indices. The upside is now limited., but the downside could be big. Due to the very nature of the indices trading ., we do not give regular updates in the indian markets. However., this is an gradually exit from the market for some time call.
These last 5 months of 2024 will be volatile and full of unforeseen events. ( case in point : Republican candidate Trump's assassination attempt. Didnt move the market., but it did show occurrence of an rare event.
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