Bond Markets Summary for Jun 29, 2020


Bond Markets Technical Analysis Market Overview Report for Jun 29, 2020 | by Techniquant Editorial Team

Highlights

TBOND closes higher for the 2nd day in a row
BUND finds buyers again around 176.35
TNOTE10Y pops to highest close ever
TNOTE2Y pushes through Friday's high
TNOTE5Y closes higher for the 2nd day in a row

Summary

With four out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TNOTE10Y gaining 0.15% and TBOND closing 0.14% higher. On the flipside the worst performer has been BUND closing -0.11% lower.

One of today's most interesting market conditions in the Bond Markets showed up in TNOTE2Y: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed above the upper Bollinger Band" stand out. Though it is usually interpreted as bullish, it has actually shown to be bearish for 2Y T-Note. Out of 83 times, TNOTE2Y closed lower 61.45% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after 10 trading days, showing a win rate of 53.01% with an average market move of -0.00%. Read more

Bond Markets Overviews

TBOND 179.250 0.250 (0.14%) Moving higher for the 2nd day in a row, TBOND finished Monday at 179.250 edging higher $0.250 (0.14%). Today's close at 179.250 marks the highest recorded closing price since May 14th. Trading up to $0.406 lower after the open, 30-year Bond managed to reverse during the session as bulls took control ending the day above its opening price. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
BUND 176.49 -0.19 (-0.11%) BUND ended Monday at 176.49 losing €0.19 (-0.11%) on low volume. Trading €0.18 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 139.375 0.203 (0.15%) Moving higher for the 2nd day in a row, TNOTE10Y ended Monday at 139.375 gaining $0.203 (0.15%). Today's close at 139.375 marks the highest recorded closing price ever. Trading up to $0.156 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on June 24th, TNOTE10Y actually lost -0.05% on the following trading day. Closing above Friday's high at 139.266, 10Y T-Note confirmed its breakout through the prior session high after trading up to $0.156 above it intraday. Read more
TNOTE2Y 110.422 0.031 (0.03%) Moving higher for the 3rd day in a row, TNOTE2Y ended Monday at 110.422 gaining $0.031 (0.03%). Today's close at 110.422 marks the highest recorded closing price since May 15th. Closing above Friday's high at 110.398, the market confirmed its breakout through the previous session high after trading up to $0.032 above it intraday. Read more
TNOTE5Y 125.797 0.149 (0.12%) Moving higher for the 2nd day in a row, TNOTE5Y finished Monday at 125.797 gaining $0.149 (0.12%). Today's close at 125.797 marks the highest recorded closing price ever. Closing above Friday's high at 125.711, the contract confirmed its breakout through the previous session high after trading up to $0.109 above it intraday. 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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