MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

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

(M4) Pullback Appears To Be A Correction

US 10YR FUTURE TECHS
  • RES 4: 110-16 50.0% retracement of the Feb 1 - Apr 25 bear leg
  • RES 3: 110-06 High Apr 4
  • RES 2: 110-00 Round number resistance
  • RES 1: 109-31+ High May 16 and the bull trigger
  • PRICE: 109-01 @ 11:02 BST May 22
  • SUP 1: 108-29/108-15 20-day EMA / Low May 14 and key support
  • SUP 2: 108-06 Low May 3
  • SUP 3: 107-25 Low May 2
  • SUP 4: 107-04 Low Apr 25 and the bear trigger

Despite the latest pullback in Treasuries - a correction, the short-term trend condition remains bullish. The contract last week moved through resistance at the top of a bear channel, drawn from the Feb 1 high. Note that resistance at 109-09+, the May 3 high, has also been cleared. This strengthens a bullish condition and signals scope for an extension higher. Sights are on the 110-00 handle next. Initial key support is at 108-15, the May 14 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.