MNI BRIEF: Fed's Bostic Says Bumpy Inflation Calls For Caution

CANADA NOV TRADE BALANCE -CAD323 MLN VS PRIOR -CAD544 MLN

MNI BRIEF: NGEU Potential Growth Lift Less Than Expected -ECB

MNI China Daily Summary: Tuesday, January 7

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

EZ/UK Bond Supply Calendar: IT Syndication; UK, DE Due Wed

EZ/UK Bond Supply Calendar: IT Syndication; UK, DE Due Wed

EZ/UK T-Bill Calendar: 3/6/12-Month EU-Bills Auction Wednesday

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US 10YR FUTURE TECHS: (H5) Trend Needle Points South

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisBulletMarketsFixed Income BulletsNorth America
  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 110-09   50-day EMA  
  • RES 1: 109-10+ 20-day EMA
  • PRICE:‌‌ 108-16 @ 18:15 GMT Jan 06
  • SUP 1: 108-06+  Low Dec 26
  • SUP 2: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   1.764 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below the 109-10+ 20-day EMA.

136 words

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.
  • RES 4: 111-20+ High 6 and the bull trigger 
  • RES 3: 110-25   High Dec 12   
  • RES 2: 110-09   50-day EMA  
  • RES 1: 109-10+ 20-day EMA
  • PRICE:‌‌ 108-16 @ 18:15 GMT Jan 06
  • SUP 1: 108-06+  Low Dec 26
  • SUP 2: 108-00   1.500 proj of the Oct 1 - 14 - 16 price swing   
  • SUP 3: 107-19+ 1.618 proj of the Oct 1 - 14 - 16 price swing
  • SUP 4: 107-04   1.764 proj of the Oct 1 - 14 - 16 price swing

The trend condition in Treasury futures remains bearish. Recent weakness reinforces the current bear cycle - the contract has traded through key short-term support and the bear trigger at 109-02+, the Nov 15 low. The breach confirms a resumption of the downtrend and opens 108.00, a Fibonacci projection. Short-term gains are considered corrective below the 109-10+ 20-day EMA.