MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

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: Brazil Not Even Close To Fiscal Dominance - David

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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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) Trend Needle Points North

US 10YR FUTURE TECHS
USFixed Income Technical AnalysisCredit BulletsNorth AmericaBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31   1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-23+ High Sep 11 
  • PRICE:‌‌ 115-12+ @ 11:26 BST Sep 13
  • SUP 1: 114-27+/13 Low Sep 10 / 20-day EMA    
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-12   Low Sep 3       
  • SUP 4: 113-06+ 50-day EMA 

The trend needle in Treasuries points north and the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position, highlighting a clear M/T uptrend. Firm support is seen at 114-13, the 20-day EMA.

146 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: 116-07   1.764 proj of the Aug 8 - 21 - Sep 3    
  • RES 3: 116-00   Round number resistance
  • RES 2: 115-31   1.618 proj of the Aug 8 - 21 - Sep 3   
  • RES 1: 115-23+ High Sep 11 
  • PRICE:‌‌ 115-12+ @ 11:26 BST Sep 13
  • SUP 1: 114-27+/13 Low Sep 10 / 20-day EMA    
  • SUP 2: 114-00+ Low Sep 4 
  • SUP 3: 113-12   Low Sep 3       
  • SUP 4: 113-06+ 50-day EMA 

The trend needle in Treasuries points north and the latest pullback is considered corrective. Wednesday’s initial rally resulted in a print above key resistance and the bull trigger at 115-19, the Aug 5 high. The move higher confirms a resumption of the uptrend and paves the way for a climb towards the 116.00 handle. MA studies remain in a bull-mode position, highlighting a clear M/T uptrend. Firm support is seen at 114-13, the 20-day EMA.