MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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: (Z4) Bear Threat Remains Present

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-01+ 20-day EMA
  • RES 2: 113-25   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-10+ @ 16:46 BST Oct 9
  • SUP 1: 112-10 Low Oct 8/9
  • SUP 2: 112-00   Round number support
  • SUP 3: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and the contract is trading at its recent lows. The latest sell-off has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on the 112-00 handle next. 113-12, the Sep 3 low, is the first resistance.

134 words

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.
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-01+ 20-day EMA
  • RES 2: 113-25   50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-10+ @ 16:46 BST Oct 9
  • SUP 1: 112-10 Low Oct 8/9
  • SUP 2: 112-00   Round number support
  • SUP 3: 111-14   50.0% retracement of the Apr - Sep bull cycle (cont)       
  • SUP 4: 111-00   Low Jul 22 

A bear threat in Treasuries remains present and the contract is trading at its recent lows. The latest sell-off has resulted in a break of the 50-day EMA and this has been followed by a breach of 113-12, the Sep 3 low. The move undermines the recent bullish theme and instead highlights potential for a continuation lower. Sights are on the 112-00 handle next. 113-12, the Sep 3 low, is the first resistance.