CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H3)‌‌ Holding On To Recent Gains

US 10YR FUTURE TECHS
  • RES 4: 115-11+ High Dec13 and bull trigger
  • RES 3: 115-05 2.0% 10-dma envelope
  • RES 2: 114-17 76.4% retracement of the Dec 13 - 30 bear leg
  • RES 1: 114-11+ High Jan 6
  • PRICE: 114-04 @ 16:20 GMT Jan 6
  • SUP 1: 113-09+ 50-day EMA
  • SUP 2: 112-18+/111-28 ow Jan 5 / Low Dec 30
  • SUP 3: 111-27+ 61.8% retracement of the Nov 3 - Dec 13 rally
  • SUP 4: 111-01 76.4% retracement of the Nov 3 - Dec 13 rally

Treasury futures traded sharply higher Friday. The contract has cleared resistance at the late December highs as well as the 100-dma to, strengthening the short-term bullish condition. The focus is on 114-17, a Fibonacci retracement point. On the downside, initial support lies at 113-09+, the 50-day EMA. A move below this level would expose support at 112-18+, Jan 5 low and the bear trigger at 111-28, the Dec 30 low.

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.