Bond Markets Summary for Jan 20, 2020


Bond Markets Technical Analysis Market Overview Report for Jan 20, 2020 | by Techniquant Editorial Team

Highlights

BUND closes above its opening price after recovering from early selling pressure
TNOTE2Y breaks back below 50-day moving average
TNOTE5Y closes below its opening price unable to hold early session gains
TNOTE10Y runs into sellers again around 129.188
TBOND closes within previous day's range after lackluster session

Summary

With five out of the five Bond Markets closing lower today, the ones that stand out on the negative side are TBOND losing -0.04% and BUND closing -0.03% 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 TNOTE10Y: Among the three market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "Close to Swing Low" stand out. Although it is usually interpreted as neutral, it has actually shown to be bullish for 10Y T-Note. Out of 721 times, TNOTE10Y closed higher 56.87% 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 56.31% with an average market move of 0.17%. Read more

Bond Markets Overviews

BUND 168.76 -0.05 (-0.03%) Moving lower for the 2nd day in a row, BUND ended Monday at 171.65 losing €0.05 (-0.03%) on low volume. Trading up to €0.09 lower after the open, the 10-year bond managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on January 10th, BUND actually lost -0.32% on the following trading day. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
TNOTE2Y 107.961 -0.008 (-0.01%) TNOTE2Y finished Monday at 107.742 losing $0.008 (-0.01%) on low volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
TNOTE5Y 119.344 -0.008 (-0.01%) TNOTE5Y ended Monday at 118.875 edging lower $0.008 (-0.01%) on low volume. Trading $0.039 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 prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
TNOTE10Y 129.016 -0.015 (-0.01%) TNOTE10Y ended Monday at 129.125 edging lower $0.016 (-0.01%) on low volume. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
TBOND 156.438 -0.062 (-0.04%) Moving lower for the 3rd day in a row, TBOND ended Monday at 157.438 edging lower $0.062 (-0.04%) on low volume. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for U.S. 2-Year T-Note (TNOTE2Y) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for U.S. 5 Year T-Note (TNOTE5Y) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Apr 03, 2020
Apr 03, 2020
Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Apr 03, 2020
Apr 03, 2020
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