Bond Markets Summary for Apr 03, 2020
Bond Markets Technical Analysis Market Overview Report for Apr 03, 2020 | by Techniquant Editorial Team
With three out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.14% and BUND closing 0.06% higher. On the flipside the worst performers have been TNOTE5Y closing -0.02% lower and TNOTE2Y losing -0.01%.
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 Support/Resistance based market condition "High close to previous two Highs" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for 10Y T-Note. Out of 144 times, TNOTE10Y closed higher 55.56% 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 60.42% with an average market move of 0.32%. Read more