Bond Markets Summary for Apr 03, 2020


Bond Markets Technical Analysis Market Overview Report for Apr 03, 2020 | by Techniquant Editorial Team

Highlights

TNOTE2Y runs into sellers around 110.234 for the forth day in a row
TNOTE5Y closes below its opening price unable to hold early session gains
TNOTE10Y closes within prior day's range after lackluster session
TBOND runs into sellers around 182.969 for the third day in a row
BUND closes within prior day's range after lackluster session

Summary

With three out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.14% 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

Bond Markets Overviews

TNOTE2Y 110.320 -0.008 (-0.01%) Moving lower for the 2nd day in a row, TNOTE2Y ended the week -0.01% lower at 110.180 after losing $0.008 (-0.01%) today on low volume. Trading $0.046 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
TNOTE5Y 125.133 -0.031 (-0.02%) Moving lower for the 2nd day in a row, TNOTE5Y finished the week unchanged at 125.305 after edging lower $0.031 (-0.02%) today on low volume. Trading $0.204 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
TNOTE10Y 138.797 0.016 (0.01%) TNOTE10Y finished the week 0.25% higher at 139.062 after edging higher $0.015 (0.01%) today 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
TBOND 180.625 0.250 (0.14%) TBOND finished the week 0.88% higher at 182.219 after gaining $0.250 (0.14%) today on low volume. 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 174.91 0.11 (0.06%) BUND ended the week -0.53% lower at 171.91 after edging higher €0.11 (0.06%) today 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

Detailed Reports

Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Jul 10, 2020
Jul 10, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Jul 10, 2020
Jul 10, 2020
Daily technical analysis candlestick chart for U.S. 2-Year T-Note (TNOTE2Y) as at Jul 10, 2020
Jul 10, 2020
Daily technical analysis candlestick chart for Euro Bund (BUND) as at Jul 10, 2020
Jul 10, 2020
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