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June T-bonds closed up 22/32's at 132-15.

June T-bonds closed higher on Friday as it extends the trading range of the past two-weeks. The mid-range close sets the stage for a steady to higher opening when Monday's day session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, January's high crossing at 134-16. First resistance is Monday's high crossing at 133-29. Closes below the 50-day moving average crossing at 129-10 would signal that a short-term top has been posted. First resistance is Monday's high crossing at 133-29. Second resistance is January's high crossing at 134-16. First support is the 50-day moving average crossing at 129-10. Second support is the 20-day moving average crossing at 128-09.

June T-notes closed up 60-pts. at 116.055.

June T-notes closed higher on Friday as it extends the rally off Wednesday's low. The mid-range close sets the stage for a steady to slightly lower opening when Monday's day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this month's rally, the 38% retracement level of the 2020-2022 decline on the monthly continuation chart crossing at 120.310 is the next upside target. Closes below the 50-day moving average crossing at 113.266 would signal that a short-term top has been posted. First resistance is Today's high crossing at 117.015. Second resistance is the 38% retracement level of the 2020-2022 decline on the monthly continuation chart crossing at 120.310. First support is the 50-day moving average crossing at 113.266. Second support is the 20-day moving average crossing at 113.055.