Free Trial

(U9) Longer end fares better...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Longer end fares better
*RES 4: 158-09 Sep 8 2017 high
*RES 3: 157-02 Jul 5 high
*RES 2: 156-30 50% Jul 2016 high-Oct 2018 low
*RES 1: 155-29 Aug 1 high
*PRICE: 155-10 @ 11:13 BST, Aug 1
*SUP 1: 154-11 50-dma
*SUP 2: 152-27 Jun 11 low, key support
*SUP 3: 151-28 38.2% of Mar-Jul rally
*SUP 4: 151-02 100-dma
The longer-end of the US curve fared far better than the 10- and 5-yr sectors
following the Fed decision, helping boost 30-yr futures to the multi-week highs
of 155-29. This tips the balance in favour of bulls, with markets eyeing the
early July highs at 157-02 as the medium-term target, but momentum Thursday
looks lacking. The 50-dma remains key support, currently sitting at 154-11 and
rising rapidly.

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.