NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Trend Needle Points South

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 112-04 High Feb 7
  • RES 3: 111-24+ High Feb 13
  • RES 2: 110-08 50-day EMA
  • RES 1: 110-26+ 20-day EMA
  • PRICE: 110-03 @ 11:18 GMT Feb 29
  • SUP 1: 109-25+ Low Feb 23
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 108-19+ 61.8% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend direction in Treasuries is unchanged and remains down with the contract continuing to trade closer to its recent lows. Price has recently pierced the 110-00 handle. A clear break of this level would strengthen the bearish condition and signal scope for an extension towards 109-14+, the Nov 28 low. On the upside, initial firm resistance is seen at 111-08, the 50-day EMA.

130 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: 112-04 High Feb 7
  • RES 3: 111-24+ High Feb 13
  • RES 2: 110-08 50-day EMA
  • RES 1: 110-26+ 20-day EMA
  • PRICE: 110-03 @ 11:18 GMT Feb 29
  • SUP 1: 109-25+ Low Feb 23
  • SUP 2: 109-14+ Low Nov 28
  • SUP 3: 108-19+ 61.8% of the Oct 19 - Dec 27 bull phase
  • SUP 4: 109-12+ 1.764 proj of Dec 27 - Jan 19 - Feb 1 price swing

The trend direction in Treasuries is unchanged and remains down with the contract continuing to trade closer to its recent lows. Price has recently pierced the 110-00 handle. A clear break of this level would strengthen the bearish condition and signal scope for an extension towards 109-14+, the Nov 28 low. On the upside, initial firm resistance is seen at 111-08, the 50-day EMA.