We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.
Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.
10 Year Notes
The 10 year notes in Chicago this week sold off sharply due to the fact of Janet Yellen’s testimony stating that bond purchases that the Federal Reserve has been doing for several years now will come to an end in September with the possibility of rates rising 6 months after that date sending the yield on the 10 year note to 2.77% & in my opinion I think the bond market has started their bearish trend. Prices are trading below their 20 and 100 day moving average hitting an 8 week low and I’m recommending Continue reading "Weekly Futures Recap With Mike Seery"