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JGB TECHS

(Z2) Drifts Lower at Beginning of Week

AUSSIE BONDS

Firmer & Flatter, Futures Away From Overnight Peaks

AUSSIE 10-YEAR TECHS

(Z2) Remains Vulnerable

US TSYS

Another Round Of Notable, Gilt-Inspired Moves

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(U2) Downtrend Accelerates

AUSSIE 10-YEAR TECHS
  • RES 3: 97.455 - High Mar 18
  • RES 2: 97.185 - High Apr 5
  • RES 1: 96.945 - High Apr 26 and key short-term resistance
  • PRICE: 96.022 @ 15:33 BST Jun 13
  • SUP 1: 96.020 - Low Jun 13
  • SUP 2: 95.904 - 3.0% Lower Bollinger Band
  • SUP 3: 95.841 - 0.5% 10-dma envelope

The downtrend in Aussie 10yr futures accelerated Monday amid the global wave of bond weakness. The shifts first supports lower, with markets eyeing vol band support at both 95.904 and 95.841. Moving average studies continue to highlight a bearish backdrop and recent weakness has maintained a bearish price sequence of lower lows and lower highs - the definition of a downtrend. Key short-term resistance remains at 96.945, the Apr 26 high.

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