The previous activated target of 4.65% on this (0.05x3) closing P&F was recently met. To the upside, there are two active yield targets now in place, at 5.65% and 5.35%. In price terms, those yields equate to a prices of $87.06 and $91.08 per $100 respectively (current price c$101). The modified duration on this bond is 15.9, ie a c16% decline in price for every 1% move in yield.Clearly there are no targets to the downside currently in play. If the yield can push through that previous high at 4.85%, it would strengthen the argument for a sharp move higher.
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