Today: The Bond futures got a bit of a bounce off the refunding action
yesterday, however they have not shown a lot of enthusiasm for the upside
thus far in the session. They are trading back at the high volume level
though of the last few sessions, at 116.15, and that price will continue to be
reoccurring until they can push themselves one way or the other out of the
area, but within 116.19 down to 116.07, and they are locked in to the magnet
level. This morning look for the Bonds to stay above 116.12, and attempt to
get north of that 116.15 magnet. Above 116.28, and they release from the
shackles and are free to go higher. Downside break out level is 115.27.