(U9) Continues to outperform...>

US 30YR FUTURE TECHS: (U9) Continues to outperform short-end

*RES 4: 171-16 High Sep 7 2016

*RES 3: 169-31/03 Low Jul 22 2016/High Sep 28 2016

*RES 2: 167-23 76.4% Fib 177-11 - 136-16

*RES 1: 167-18 Cycle High

*PRICE: 167-12 @ 11:51 BST, Aug 29

*SUP 1: 162-15 Low Aug 14

*SUP 2: 159-23 Low Aug 8

*SUP 3: 157-02/30 Jul 5 high/ 50% retracement Oct 2018 low to July 2016 high

*SUP 4: 155-29 High Jul 31

The longer-end of the US yield curve continues to outperform, with 30-yr futures

performing distinctly better than their 5- and 10-yr counterparts. A new cycle

high was printed up at 167-18 Wednesday, keeping the bullish argument in tact.

This keeps 167-23 on the cards, but a sustained break higher remains unlikely

for the time being. 165-00 remains as support, a break of which would open the

August 14 low at 162-15.