By: Jeff Gilfillan
Interest rate futures are trading in the middle of the February 2018 range as of this writing following the CPI report on 03/13/18. Post CPI report high was 144’15 which fell just below the beginning of March’s high at 144’20.
The bounce from late February lows in the futures has been supported by an impressive base built immediately following the volatility heavy days from Feb 2-7th. Upside target levels are 145, 146 them 148 level in June 30 year bond futures. Long term support levels are 142’20 and 141’10.