Bond Markets Summary for Jul 11, 2019


Bond Markets Technical Analysis Market Overview Report for Jul 11, 2019 | by Techniquant Editorial Team

Highlights

BUND slumps, losing €0.96 (-0.56%) within a single day
TBOND runs into sellers again around 155.094
TNOTE10Y dominated by bears dragging the market lower throughout the day
TNOTE5Y slides to lowest close since June 11th
TNOTE2Y unable to break through key resistance level

Summary

With five out of the five Bond Markets closing lower today, the ones that stand out on the negative side are TBOND losing -0.89% and BUND closing -0.56% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Bond Markets showed up in TNOTE5Y: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "Close near low of period" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for 5Y T-Note. Out of 613 times, TNOTE5Y closed higher 55.14% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 57.10% with an average market move of 0.11%. Read more

Bond Markets Overviews

BUND 171.52 -0.96 (-0.56%) Moving lower for the 5th day in a row, BUND ended Thursday at 171.52 tanking €0.96 (-0.56%). This is the biggest single-day loss in over six months. The last time we've seen such an unusually strong single-day loss on June 10th, BUND actually gained 0.16% on the following trading day. Today's close at 171.52 marks the lowest recorded closing price since June 12th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 172.02, the market confirmed its breakout through the previous session low after trading up to €0.52 below it intraday. Read more
TBOND 153.156 -1.375 (-0.89%) Moving lower for the 5th day in a row, TBOND ended Thursday at 153.156 tanking $1.375 (-0.89%) on high volume. Today's close at 153.156 marks the lowest recorded closing price since June 5th. Closing below Wednesday's low at 153.906, the contract confirmed its breakout through the previous session low after trading up to $0.937 below it intraday. Read more
TNOTE10Y 126.828 -0.594 (-0.47%) TNOTE10Y finished Thursday at 126.828 tanking $0.594 (-0.47%). Today's close at 126.828 marks the lowest recorded closing price since June 11th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 126.859, the market confirmed its breakout through the previous session low after trading up to $0.109 below it intraday. Read more
TNOTE5Y 117.438 -0.312 (-0.26%) TNOTE5Y finished Thursday at 117.438 tanking $0.312 (-0.26%). Today's close at 117.438 marks the lowest recorded closing price since June 11th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
TNOTE2Y 107.305 -0.086 (-0.08%) TNOTE2Y ended Thursday at 107.305 losing $0.086 (-0.08%) on high volume. Trading $0.062 higher after the open, the contract was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Aug 20, 2019
Aug 20, 2019
Daily technical analysis candlestick chart for U.S. 2-Year T-Note (TNOTE2Y) as at Aug 20, 2019
Aug 20, 2019
Daily technical analysis candlestick chart for U.S. 5 Year T-Note (TNOTE5Y) as at Aug 20, 2019
Aug 20, 2019
Daily technical analysis candlestick chart for Euro Bund (BUND) as at Aug 20, 2019
Aug 20, 2019
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