Make This Trade Now Before Kevin Warsh Takes Over at the Fed

Core Viewpoint - The June U.S. Treasury note futures are presenting a buying opportunity due to recent price strength, reaching a 2.5-month high, supported by bullish technical indicators [1][2]. Group 1: Market Expectations - The market anticipates at least two interest rate cuts from the Federal Reserve this year, which is expected to be bullish for U.S. Treasury prices [2]. - The new Fed Chair Nominee, Kevin Warsh, is expected to adopt a dovish stance on U.S. monetary policy, further supporting Treasury prices [2]. Group 2: Technical Analysis - A breakout in June U.S. T-Note futures above the resistance level of 113.11.5 would signal a buying opportunity, with an upside price objective of 115.00.0 or higher [3]. - Technical support is identified at 112.22.0, where a protective sell stop should be placed [3].