DFVL - Bond Boundary 'Barriers' Have Powell Set-Up For June FOMC Meeting

The bond market is putting a lot of pressure on Fed Chairman Jerome Powell to start rate cuts in July and to signal such in the upcoming June 19th FOMC meeting. A meeting date two days prior to traders' often volatile June quadruple witch. To think that positions are not being taken for this "set-up" is to be naive. So what is to be expected?

Let's look at the technical Boundary "Barriers" for the 10Y Treasury note yield to see what Powell is contending with.

Boundary Conditions

First, we have annotated Bond Guru Jeff Gundlach's

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