* CNN Brasil reported earlier in the week that a pre-recorded message from President Lula is expec...
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2RH6 97.75/97.25ps 1x4, bought the 4 for 4.5 in 2.25k (sold the 1).
A bull cycle in Treasury futures is intact and - for now - the latest pullback appears corrective. The contract remains above a key support at 110-31, the 50-day EMA, and the Jul 3 low. A clear break of this average would signal scope for a deeper correction and highlight a possible reversal. For bulls, a resumption of gains would open 112-15, the 61.8% retracement of the Apr 7 - 11 steep sell-off. Initial resistance is at 111-28, the Jul 3 high.
RXU5 127.5/125.5ps, sold at 15 in 1.5k.