The U.S. Treasury bond and notes futures markets have sold off markedly this week, which has seen near-term price uptrends negated. Both markets were also headed toward bearish weekly low closes on Friday. The near-term technical postures for the T-Bonds and T-Notes futures have weakened the past two weeks, which suggests still a bit more price pressure in the near term. However, it’s my bias that U.S. Treasury futures prices will coming roaring back, based upon global market fundamentals that still fully favor the U.S. Treasury market bulls. Stay tuned!–Jim