Bond Markets Summary for Mar 25, 2020
Bond Markets Technical Analysis Market Overview Report for Mar 25, 2020 | by Techniquant Editorial Team
With four out of the five Bond Markets closing lower today, the ones that stand out on the negative side are BUND losing -0.46% and TBOND closing -0.19% lower. On the flipside the best performer has been TNOTE2Y closing 0.04% higher.
One of today's most interesting market conditions in the Bond Markets showed up in TNOTE10Y: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "Bearish Intraday Reversal" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for 10Y T-Note. Out of 377 times, TNOTE10Y closed higher 60.74% 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 60.74% with an average market move of 0.22%. Read more