Bonds looking to catch some bids - #bonds

After creating a new low at the 129.92 area yesterday we are currently trying to retest that level again. With the current market sentiment looking towards risk off, its highly likely that this will be the bottom of bond market for today as we try to hold these levels to rotate back up. Watch out for resistance at the fib levels to the upside at 124.25, 125 handle or 125.30.