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

MNI China Daily Summary: Monday, October 23

MNI BRIEF: Inflation Down, Deficits Up - Bundesbank Report

MNI BRIEF: China To Reach Target of 5% GDP Growth - Lou Jiwei

Losses Extend, Recent Ranges Intact For Now

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

BoC Data Watch

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

(U3) Corrective Bounce

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 112-31 High Jul 20
  • RES 3: 112-02+ 50-day EMA
  • RES 2: 111-29 High Aug 10
  • RES 1: 110-10/111-02+ High Aug 14 / 20-day EMA
  • PRICE: 110-04 @ 11:13 BST Aug 16
  • SUP 1: 109-11+ Low Aug 15
  • SUP 2: 109-10+ Low Nov 4 2022 (cont)
  • SUP 3: 108-26+ Low Oct 21 2022 (cont) and a major support
  • SUP 4: 108-15+ 2.0% 10-dma envelope

Treasuries remain bearish and the contract printed a new pullback low again Tuesday. Price has breached 109.24, Aug 4 low, to confirm a resumption of the bear cycle. This signals scope for a move towards 109-10+, the Nov 4 2022 low. Moving average studies are in a bear mode condition, highlighting current bearish sentiment. Resistance to watch is 111-02+, the 20-day EMA. The recovery from yesterday’s low is considered corrective - for now.

132 words

To read the full story

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: 112-31 High Jul 20
  • RES 3: 112-02+ 50-day EMA
  • RES 2: 111-29 High Aug 10
  • RES 1: 110-10/111-02+ High Aug 14 / 20-day EMA
  • PRICE: 110-04 @ 11:13 BST Aug 16
  • SUP 1: 109-11+ Low Aug 15
  • SUP 2: 109-10+ Low Nov 4 2022 (cont)
  • SUP 3: 108-26+ Low Oct 21 2022 (cont) and a major support
  • SUP 4: 108-15+ 2.0% 10-dma envelope

Treasuries remain bearish and the contract printed a new pullback low again Tuesday. Price has breached 109.24, Aug 4 low, to confirm a resumption of the bear cycle. This signals scope for a move towards 109-10+, the Nov 4 2022 low. Moving average studies are in a bear mode condition, highlighting current bearish sentiment. Resistance to watch is 111-02+, the 20-day EMA. The recovery from yesterday’s low is considered corrective - for now.