MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: AUSTRALIA MONTHLY MAR CPI 0.4% MM, 3.8% YY

MNI:AUSTRALIA Q1 CPI +0.9% Q/Q

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bond Bear Cycle Extends

FI TECHS
  • US 10Yr futures remain under pressure.
  • The contract last week confirmed a clear break of a key support at 132-21+, Aug 11 low.
  • This marks a resumption of the bear cycle that started Aug 4 with a bearish price sequence of lower lows and lower highs established.
  • A number of support levels have been cleared and attention is on 131-11 next, a Fibonacci projection. 132-21+ marks initial resistance.
  • Support levels to watch:
    • SUP 1: 131-14 Low Jun 17 (cont)
    • SUP 2: 131-11+ 1.236 projection of the Aug 4 - 11 - 17 price swing
    • SUP 3: 131-01 1.382 projection of the Aug 4 - 11 - 17 price swing
    • SUP 4: 131-03+ Low Jun 25
  • Bunds are lower too. The next support levels to watch are:
    • SUP 1: 169.65 1.382 projection of the Sep 9 - 17 - 21 price swing
    • SUP 2: 169.46 1.50 projection of the Sep 9 - 17 - 21 price swing
  • Gilt futures support levels that appear exposed are:
    • SUP 1: 125.48 1.00 projection of the Aug 31 - Sep 17 - 21 price swing
    • SUP 2: 124.96 1.236 projection of the Aug 31 - Sep 17 - 21 price swing
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.