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