MNI: China CFETS Yuan Index Up 0.83% In Week of Dec 20

MNI: PBOC Net Drains CNY643.5 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1870 Mon; -2.26% Y/Y

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

EZ/UK T-Bill Calendar: Greece to Sell Bills Monday

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

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) Bearish Theme

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsGlobalBulletMarketsFixed Income BulletsRegionNorth America
  • RES 4: 115-00+ High Oct 1     
  • RES 3: 114-07   20-day EMA
  • RES 2: 113-26+ 50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-19+ @ 10:57 BST Oct 8
  • SUP 1: 112-13+ Low Oct 7
  • 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 

Treasuries traded sharply lower Friday and again Monday as the contract extends the current bear cycle. 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: 114-07   20-day EMA
  • RES 2: 113-26+ 50-day EMA   
  • RES 1: 113-12   Low Sep 3 and a recent breakout level  
  • PRICE:‌‌ 112-19+ @ 10:57 BST Oct 8
  • SUP 1: 112-13+ Low Oct 7
  • 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 

Treasuries traded sharply lower Friday and again Monday as the contract extends the current bear cycle. 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.