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

(M2)‌‌ Trading Near This Week’s Lows

US 10YR FUTURE TECHS
  • RES 4: 129-31 Low Dec 8 (cont)
  • RES 3: 129-13 3.00 proj of the Feb 10 - 14 - 15 price swing
  • RES 2: 129-04/06 High Mar 7 / Trendline off Aug 4 ‘21 high (cont)
  • RES 1: 128-04 High Mar 8
  • PRICE: 126-21+ @ 11:54 GMT Mar 10
  • SUP 1: 126-16+ Low Mar 9
  • SUP 2: 126-10 76.4% retracement of the Feb 10 - Mar 7 rally
  • SUP 3: 125-29/14+ Low Feb 25 / Low Feb 10 and the bear trigger
  • SUP 4: 125-06+ Low May 30 2019 (cont)

Treasuries traded lower again Wednesday as the pullback from Monday’s high of 129-04 extends and price remains near this week’s lows. The contract is well through support at 127-00, Mar 2 low and a continuation lower would open 126-10, a Fibonacci retracement. At this stage, the move lower appears corrective and 126-10 marks an important near-term support. A rebound would refocus attention on 129-04, the bull trigger.

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.