Today's Market: Bonds More Oversold Only Eight Times Since 1990

Since 1990 there have been only eight other periods where bonds have been more oversold. We measured the US Long Bond futures contract against its 50-day moving average. Currently the bond price is -4.26% below the 50-day, and, as shown in the table, the average peak was -6.25%.

On average the market has rallied out of these periods, although rallies hardly dominate the total occurrences.

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