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‌‌(M1)‌‌ Eyeing Key Support

US 10YR FUTURE TECHS
  • RES 4: 134-20 High Feb 24
  • RES 3: 134-06+ High Feb 25 and key near-term resistance
  • RES 2: 133-23 High Mar 2
  • RES 1: 133-06 High Mar 4
  • PRICE: 132-13 @ 15:53 GMT Mar 5
  • SUP 1: 131-23+ Intraday low
  • SUP 2: 130-12 Lower 3.0% Bollinger Band
  • SUP 3: 130-07 Low Feb 2, 2020 and Key Support
  • SUP 4: 130-31 76.4% of the Dec 2019 - Mar 2020 rally

The outlook in US 10y futures worsened further Friday after a better-than-expected nonfarm payrolls report ushered in new cycle lows of 131-23+. This retains the bearish theme for now and opens 130-12 vol band support ahead of 130-07, the Feb 2, 2020 low and a key support. Firm resistance remains at 134-06+, Feb 25 high.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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