FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US 10YR FUTURE TECHS: (U4) Corrective Recovery Supported by NFP

US 10YR FUTURE TECHS
  • RES 4: 111-17+ 1.236 proj of the Apr 25 - May 16 - 29 price swing
  • RES 3: 111-13   High Mar 25
  • RES 2: 111-01   High Jun 14 and the bull trigger
  • RES 1: 110-20   High Jul 05  
  • PRICE:‌‌ 110-20 @ 16:46 BST Jul 5 
  • SUP 1: 109-02+/109-00+ Low Jul 1 / Low Jun 10 and key support 
  • SUP 2: 108-27+ Low Jun 3
  • SUP 3: 108-19   Trendline drawn from the Apr 25 low    
  • SUP 4: 107-31   Low May 29 and a key support

Treasuries recovered further off recent lows on the back of the soft NFP print, however the bounce stopped short of any meaningful test of the first resistance and bull trigger at 111-01 - the June 14th high. Despite the latest bounce, the contract remains vulnerable following recent weakness. The bearish breach of both the 20- and 50-day EMAs signals scope for a continuation lower near-term. Such a move would open 109-00+, the Jun 10 low as well as 108-19, a trendline drawn from the Apr 25 low. 

USFixed Income Technical AnalysisBulletGlobalFixed Income BulletsRegionNorth America

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.