Bond Markets Summary for Mar 25, 2020


Bond Markets Technical Analysis Market Overview Report for Mar 25, 2020 | by Techniquant Editorial Team

Highlights

TNOTE10Y finds buyers around 137.031 for the third day in a row
TBOND finds buyers again around 177.188
TNOTE5Y closes below its opening price unable to hold early session gains
BUND closes lower for the 2nd day in a row
TNOTE2Y closes within previous day's range after lackluster session

Summary

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

Bond Markets Overviews

TNOTE10Y 137.219 -0.093 (-0.07%) Moving lower for the 2nd day in a row, TNOTE10Y finished Wednesday at 137.219 edging lower $0.093 (-0.07%) on low volume. Trading $0.454 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 failed to decisively move beyond the prior day's trading range in a lackluster session. Read more
TBOND 177.375 -0.344 (-0.19%) Moving lower for the 2nd day in a row, TBOND ended Wednesday at 177.375 edging lower $0.344 (-0.19%) on low volume. Trading $2.125 higher after the open, the Bond 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 in a lackluster session. Read more
TNOTE5Y 124.680 -0.054 (-0.04%) Moving lower for the 2nd day in a row, TNOTE5Y ended Wednesday at 124.680 edging lower $0.054 (-0.04%) on low volume. Trading $0.172 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
BUND 169.67 -0.79 (-0.46%) Moving lower for the 2nd day in a row, BUND ended Wednesday at 169.67 losing €0.79 (-0.46%) on low volume. Closing below Tuesday's low at 170.19, the 10-year bond confirmed its breakout through the previous session low after trading up to €0.85 below it intraday. Read more
TNOTE2Y 110.117 0.047 (0.04%) TNOTE2Y ended Wednesday at 110.117 edging higher $0.047 (0.04%) on low volume. 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

Detailed Reports

Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Apr 08, 2020
Apr 08, 2020
Daily technical analysis candlestick chart for U.S. 5 Year T-Note (TNOTE5Y) as at Apr 08, 2020
Apr 08, 2020
Daily technical analysis candlestick chart for Euro Bund (BUND) as at Apr 08, 2020
Apr 08, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Apr 08, 2020
Apr 08, 2020
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