Bond Markets Summary for May 22, 2020


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

Highlights

TNOTE2Y closes within prior day's range after lackluster session
BUND fails to close above 20-day moving average
TNOTE10Y finds buyers again around 139.047
TBOND closes higher for the 4th day in a row
TNOTE5Y closes higher for the 2nd day in a row

Summary

With five out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.14% and TNOTE10Y closing 0.09% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Bond Markets showed up in BUND: Among the five market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Bounce off SMA 20" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for Euro Bund. Out of 38 times, BUND closed higher 57.89% 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 63.16% with an average market move of 0.32%. Read more

Bond Markets Overviews

TNOTE2Y 110.398 0.007 (0.01%) TNOTE2Y finished the week -0.03% lower at 110.258 after gaining $0.008 (0.01%) today. 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 176.10 0.06 (0.03%) Moving higher for the 2nd day in a row, BUND ended the week -0.39% lower at 173.10 after gaining €0.06 (0.03%) today. 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
TNOTE10Y 138.906 0.125 (0.09%) TNOTE10Y ended the week -0.09% lower at 139.172 after gaining $0.125 (0.09%) 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 178.469 0.250 (0.14%) Moving higher for the 4th day in a row, TBOND ended the week -0.4% lower at 180.062 after edging higher $0.250 (0.14%) 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
TNOTE5Y 125.461 0.023 (0.02%) Moving higher for the 2nd day in a row, TNOTE5Y finished the week -0.07% lower at 125.633 after gaining $0.024 (0.02%) today. 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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