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MNI: PBOC Drains Net CNY434 Bln Mon; Rates Unchanged

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

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(Z3) Resistance Remains Exposed

US 10YR FUTURE TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 110-07+ High Sep 14
  • RES 3: 110-00 Round number resistance
  • RES 2: 109-20 High Sep 19
  • RES 1: 108-25+ High Sep 25
  • PRICE: 107-23 @ 16:33 GMT Nov 6
  • SUP 1: 106-31 20-day EMA
  • SUP 2: 105-27+/105-10+ Low Nov 1 / Low Oct 19 and bear trigger
  • SUP 3: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 104-16 2.0% 10-dma envelope

Treasuries maintain a firmer short-term tone and are trading closer to their recent highs. Last Friday’s rally resulted in the break of the 50-day EMA, at 108-01+ and delivered a print above 108-16, the Oct 12 high and a key resistance. A clear break of this 108-16 hurdle would strengthen a bullish case and signal scope for a climb towards 109-20, the Sep 19 high. Initial support lies at 106-31, the 20-day EMA.

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  • RES 4: 110-07+ High Sep 14
  • RES 3: 110-00 Round number resistance
  • RES 2: 109-20 High Sep 19
  • RES 1: 108-25+ High Sep 25
  • PRICE: 107-23 @ 16:33 GMT Nov 6
  • SUP 1: 106-31 20-day EMA
  • SUP 2: 105-27+/105-10+ Low Nov 1 / Low Oct 19 and bear trigger
  • SUP 3: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 104-16 2.0% 10-dma envelope

Treasuries maintain a firmer short-term tone and are trading closer to their recent highs. Last Friday’s rally resulted in the break of the 50-day EMA, at 108-01+ and delivered a print above 108-16, the Oct 12 high and a key resistance. A clear break of this 108-16 hurdle would strengthen a bullish case and signal scope for a climb towards 109-20, the Sep 19 high. Initial support lies at 106-31, the 20-day EMA.