Free Trial

(Z0) Risk Remains Skewed To The Downside

US 10YR FUTURE TECHS
  • RES 4: 139-26+ High Aug 11
  • RES 3: 139-19+ High Aug 21 and 24 and key resistance
  • RES 2: 139-16 High Aug 27
  • RES 1: 139-10 High Aug 31
  • PRICE: 139-06+ @ 15:51 BST Sep 1
  • SUP 1: 138-18+ Low Aug 28
  • SUP 2: 138-13 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 3: 138-01 1.00 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 138-00 Round number support
Treasuries are still seen likely to remain vulnerable near-term following last week's sharp sell-off and despite the strong bounce Friday and follow through yesterday. A bearish theme has been reinforced by the recent breach of 138-24+, the Aug 13 and 14 lows. The break confirms a resumption of the downtrend that has been in place since early August and has opened 138-13, a Fibonacci projection. On the upside, key resistance resides at 139-19+.

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.