Bond Markets Summary for Jan 22, 2020


Bond Markets Technical Analysis Market Overview Report for Jan 22, 2020 | by Techniquant Editorial Team

Highlights

TNOTE5Y breaks above 100-day moving average for the first time since November 1, 2019
BUND fails to close above 200-day moving average
TBOND closes higher for the 2nd day in a row
TNOTE10Y runs into sellers again around 129.625
TNOTE2Y closes within previous day's range

Summary

With three out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.18% and BUND closing 0.17% higher. On the flipside the worst performer has been TNOTE10Y closing -0.01% lower.

One of today's most interesting market conditions in the Bond Markets showed up in TNOTE10Y: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous High" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for 10Y T-Note. Out of 644 times, TNOTE10Y closed higher 53.42% 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 58.23% with an average market move of 0.18%. Read more

Bond Markets Overviews

TNOTE5Y 119.578 0.008 (0.01%) Moving higher for the 2nd day in a row, TNOTE5Y ended Wednesday at 119.109 edging higher $0.007 (0.01%). Today's close at 119.109 marks the highest recorded closing price since December 3, 2019. Trading up to $0.086 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
BUND 169.49 0.28 (0.17%) Moving higher for the 2nd day in a row, BUND finished Wednesday at 172.38 gaining €0.28 (0.16%). Today's close at 172.38 marks the highest recorded closing price since December 11, 2019. Trading up to €0.30 lower after the open, the contract managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on Monday, BUND gained 0.26% on the following trading day. Closing above Tuesday's high at 172.27, the market confirmed its breakout through the prior session high after trading up to €0.23 above it intraday. Read more
TBOND 157.812 0.281 (0.18%) Moving higher for the 2nd day in a row, TBOND finished Wednesday at 158.812 gaining $0.281 (0.18%). Today's close at 158.812 marks the highest recorded closing price since December 3, 2019. Trading up to $0.344 lower after the open, 30-year Bond managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Tuesday's high at 158.719, the Bond confirmed its breakout through the previous session high after trading up to $0.312 above it intraday. Read more
TNOTE10Y 129.422 -0.016 (-0.01%) TNOTE10Y ended Wednesday at 129.531 edging lower $0.016 (-0.01%). 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 108.023 0.000 (0.00%) TNOTE2Y finished Wednesday at 107.805 flat. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. 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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