Free Trial

(U1)‌‌ Holding Above Thursday Low

US 10YR FUTURE TECHS
  • RES 4: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 3: 133-06+ High Jun 11 and the bull trigger
  • RES 2: 132-20+ High Jun 16
  • RES 1: 132-11 High Jun 18
  • PRICE: 132-02 @ 15:28 BST Jun 18
  • SUP 1: 131-14 Low Jun 17
  • SUP 2: 131-01 Low May 13
  • SUP 3: 130-31+ Low May 19 and a key support
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures slipped sharply Wednesday but the contract has since recovered having found support at Thursday's 131-14 low. Recent weakness however resulted in a break of 131-18, Jun 3 and 4 low. The move lower has weakened the near-term outlook, raising the risk of a re-test of the mid-May lows layered between 130-31+ and 131-01. On the upside, a firm resistance is seen at Wednesday's high at 132-20+.

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

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.