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

TECHS: (Z0) Move Lower Considered A Correction

BTPS
  • RES 4: 152.00 Round number resistance
  • RES 3: 151.66 Bull channel top drawn off the Sep 8 low
  • RES 2: 151.17 0.764 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 1: 150.46 High Oct 16 and the bull trigger
  • PRICE: 149.43 @ Close Oct 19
  • SUP 1: 149.01 Low Oct 15
  • SUP 2: 148.72 20-day EMA
  • SUP 3: 147.32 Low Sep 28 and key near-term support
  • SUP 4: 146.98 Low Sep 22

BTPS outlook remains bullish despite yesterday's pullback. Last week's gains resulted in the contract extending gains into uncharted territory, maintaining the bullish price sequence of higher highs and higher lows that defines an uptrend. Resistance and the bull trigger is located at 150.43, Oct 14 high. Initial support has been defined at 149.01, Oct 15 low. A break of this level is required to signal scope for a deeper corrective pullback.

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.