Trial now
JGBS

Futures Softer Overnight

JPY

Tweaks To Emergency Declaration Mulled

JGB TECHS

(U1) Tilted Higher

(H0) Capped by 100-dma *RES....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (H0) Capped by 100-dma
*RES 3: 129-25+ 76.4% retracement of the Jan 8 - Jan 9 decline
*RES 2: 129-19+ 100-dma
*RES 1: 129-19 Intraday high
*PRICE: 129-17 @ 16:28 GMT, Jan 21
*SUP 1: 128-29 Low Jan 17
*SUP 2: 128-25 Low Jan 14
*SUP 3: 128-17+ Low Jan 97
10yr futures have been firmer today but found resistance ahead of the 100-dma at
129-19+ which becomes the first target. Attention remains on the sharp sell-off
from Jan 8, which still hangs over sentiment. This suggests the near-term
outlook is bearish leaving support at 128-29 and 128-17+ exposed. A break of the
latter which is the Jan 9 low would refocus attention on the key support at
127.29, Dec 13 low. To the upside, clearance of 129-19+ would instead open
130-06, Jan 8 high.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com