Bond Markets Summary for Jul 31, 2020


Bond Markets Technical Analysis Market Overview Report for Jul 31, 2020 | by Techniquant Editorial Team

Highlights

TNOTE2Y dominated by bulls lifting the market higher throughout the day
TNOTE5Y closes higher for the 4th day in a row
TBOND finds buyers at key support level
BUND closes below its opening price unable to hold early session gains
TNOTE10Y rises to highest close ever

Summary

With four out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.19% and TNOTE10Y closing 0.12% higher. On the flipside the worst performer has been BUND closing -0.13% lower.

One of today's most interesting market conditions in the Bond Markets showed up in TBOND: Among the six 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. Although it is usually interpreted as bullish, it has actually shown to be bearish for T-Bond. Out of 98 times, TBOND closed lower 61.22% 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 five trading days, showing a win rate of 55.10% with an average market move of -0.09%. Read more

Bond Markets Overviews

TNOTE2Y 110.500 0.039 (0.04%) Moving higher for the 4th day in a row, TNOTE2Y finished the month 0.08% higher at 110.500 after surging $0.039 (0.04%) today on high volume. This is the biggest single-day gain in over a month. Today's close at 110.500 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 110.477, 2Y T-Note confirmed its breakout through the previous session high after trading up to $0.023 above it intraday. Read more
TNOTE5Y 126.164 0.141 (0.11%) Moving higher for the 4th day in a row, TNOTE5Y ended the month 0.34% higher at 126.164 after surging $0.141 (0.11%) today on high volume. This is the biggest single-day gain in over a month. Today's close at 126.164 marks the highest recorded closing price ever. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 126.070, the market confirmed its breakout through the prior session high after trading up to $0.094 above it intraday. Read more
TBOND 182.438 0.344 (0.19%) Moving higher for the 2nd day in a row, TBOND ended the month 2.22% higher at 182.438 after gaining $0.344 (0.19%) today on high volume. Today's close at 182.438 marks the highest recorded closing price since March 9th. Trading up to $0.469 lower after the open, T-Bond managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
BUND 177.49 -0.23 (-0.13%) BUND ended the month 0.75% higher at 177.49 after losing €0.23 (-0.13%) today on high volume. Trading €0.29 higher after the open, the 10-year bond was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
TNOTE10Y 140.156 0.172 (0.12%) Moving higher for the 4th day in a row, TNOTE10Y finished the month 0.72% higher at 140.156 after gaining $0.172 (0.12%) today on high volume. Today's close at 140.156 marks the highest recorded closing price ever. Closing above Thursday's high at 140.062, the market confirmed its breakout through the prior session high after trading up to $0.126 above it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Euro Bund (BUND) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for U.S. 2-Year T-Note (TNOTE2Y) as at Aug 07, 2020
Aug 07, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Aug 07, 2020
Aug 07, 2020
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