The character of the market at night we described several weeks ago continues to play out.
The Asian sessions show an absence of buying interest. Selling pressure has been evident of late even as US sessions have been firmer. Data points (Retail today) are garnering concessions showing a distinct change to an optimistic bias, bad news has to be proven now. Yesterday, the US session saw a move above the recent highs that evaporated. The Note markets picked up sellers when Friday's close failed to hold. The weekly down/negated weekly down battle will be on the rest of the week. The prices are 121.17, 126.26 and 134.13 in 5s, 10s, Classics respectively.