Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2)‌‌ Bounce Falters Ahead of 120-00

US 10YR FUTURE TECHS
  • RES 4: 122-29+ High Mar 31
  • RES 3: 122-16 2.0% 10-dma envelope
  • RES 2: 120-29/122-02 High Aug 4 / High Aug 02
  • RES 1: 120-22 High Aug 10
  • PRICE: 119-19+ @ 12:10 BST Aug 16
  • SUP 1: 118-30+/30 Low Aug 12 / Jul 22
  • SUP 2: 118-05 50.0% retracement of the Jun 14 - Aug 2 bull cycle
  • SUP 3: 117-14+ Low Jul 21 and key near-term support
  • SUP 4: 117-07 61.8% retracement of the Jun 14 - Aug 2 bull cycle

Treasuries bounced through late Monday hours, but failed to make any headway on the 120-00 handle and the 120-22 post-CPI high. Nonetheless, weakness at the tail-end of last week put the contract through trendline support at 119-16. The trendline is drawn from the Jun 16 low. The recent move lower is still considered corrective, however, the trendline break suggests a deeper retracement is likely near-term. This has opened 118-05, a Fibonacci retracement. Initial resistance to watch is 120-22, the Aug 10 high. A break would signal a possible bullish reversal.

165 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 122-29+ High Mar 31
  • RES 3: 122-16 2.0% 10-dma envelope
  • RES 2: 120-29/122-02 High Aug 4 / High Aug 02
  • RES 1: 120-22 High Aug 10
  • PRICE: 119-19+ @ 12:10 BST Aug 16
  • SUP 1: 118-30+/30 Low Aug 12 / Jul 22
  • SUP 2: 118-05 50.0% retracement of the Jun 14 - Aug 2 bull cycle
  • SUP 3: 117-14+ Low Jul 21 and key near-term support
  • SUP 4: 117-07 61.8% retracement of the Jun 14 - Aug 2 bull cycle

Treasuries bounced through late Monday hours, but failed to make any headway on the 120-00 handle and the 120-22 post-CPI high. Nonetheless, weakness at the tail-end of last week put the contract through trendline support at 119-16. The trendline is drawn from the Jun 16 low. The recent move lower is still considered corrective, however, the trendline break suggests a deeper retracement is likely near-term. This has opened 118-05, a Fibonacci retracement. Initial resistance to watch is 120-22, the Aug 10 high. A break would signal a possible bullish reversal.