© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC Drains Net CNY434 Bln Mon; Rates Unchanged

CHINA PBOC INJECTS CNY67 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: China CFETS Yuan Index Down 0.36% In Week of Nov 30

Australia Oct Housing New Loan Commitments +5.4%

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES +1.2%

Light China Docket This Week

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(Z18) Downtrend Yet To Take....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Downtrend Yet To Take Hold
*RES 3: 119-08 100-dma
*RES 2: 119-00 Sep 28 high
*RES 1: 118-16+ Oct 1 low
*PRICE: 118-03+ @ 16:36 GMT, Oct 18
*SUP 1: 117-13+ Low Oct 8
*SUP 2: 116-30 Bear channel bottom (continuation chart)
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
Post-FOMC minutes, the 118 handle proved insufficient support, allowing prices
to slip back to the middle of last week's range before a late recovery Thursday.
As a result Treasuries are yet to firmly resume the recent downtrend, a
requirement for the focus to return to the Oct 8 low at 117-13+. Below here
brings the bear channel bottom at 116-30 into play. Bulls need a break of the
21-dma, now at 118-09, to shift the short-term outlook more positive, opening
the Sep 28 high at 119-00. Above here would mark a significant improvement in
the longer-term outlook.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisMarketsFixed Income News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Fixed Income Technical AnalysisMarketsFixed Income News

To read the full story

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.