Bond Markets Summary for Oct 16, 2020


Bond Markets Technical Analysis Market Overview Report for Oct 16, 2020 | by Techniquant Editorial Team

Highlights

TNOTE2Y breaks back below 100-day moving average
TNOTE5Y breaks below Thursday's low
BUND climbs to highest close since March 12th
TNOTE10Y closes lower for the 2nd day in a row
TBOND closes below its opening price unable to hold early session gains

Summary

With four out of the five Bond Markets closing lower today, the ones that stand out on the negative side are TBOND losing -0.18% and TNOTE10Y closing -0.06% lower. On the flipside the best performer has been BUND closing 0.17% higher.

One of today's most interesting market conditions in the Bond Markets showed up in TNOTE2Y: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Break through SMA 100" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for 2Y T-Note. Out of 81 times, TNOTE2Y closed higher 48.15% 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 66.67% with an average market move of 0.06%. Read more

Bond Markets Overviews

TNOTE2Y 110.430 -0.008 (-0.01%) TNOTE2Y finished the week 0.03% higher at 110.430 after losing $0.008 (-0.01%) today. Trading $0.015 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 126.125 -0.047 (-0.04%) Moving lower for the 2nd day in a row, TNOTE5Y ended the week 0.08% higher at 125.797 after losing $0.047 (-0.04%) today on low volume. Trading $0.054 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 125.820, 5Y T-Note confirmed its breakout through the prior session low after trading up to $0.039 below it intraday. Read more
BUND 178.46 0.31 (0.17%) Moving higher for the 7th day in a row, BUND finished the week 0.82% higher at 176.13 after gaining €0.31 (0.18%) today. Today's close at 176.13 marks the highest recorded closing price since March 12th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
TNOTE10Y 138.672 -0.078 (-0.06%) Moving lower for the 2nd day in a row, TNOTE10Y finished the week 0.17% higher at 139.031 after losing $0.078 (-0.06%) today. Trading $0.140 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 139.062, 10Y T-Note confirmed its breakout through the prior session low after trading up to $0.093 below it intraday. Read more
TBOND 175.938 -0.312 (-0.18%) Moving lower for the 2nd day in a row, TBOND finished the week 0.45% higher at 174.844 after losing $0.312 (-0.18%) today. Trading $0.468 higher after the open, 30-year Bond was unable to hold its gains as the bears took control ending the day below its opening price. Closing below Thursday's low at 175.000, the Bond confirmed its breakout through the previous session low after trading up to $0.500 below it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Dec 04, 2020
Dec 04, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Dec 04, 2020
Dec 04, 2020
Daily technical analysis candlestick chart for Euro Bund (BUND) as at Dec 04, 2020
Dec 04, 2020
Daily technical analysis candlestick chart for U.S. 5 Year T-Note (TNOTE5Y) as at Dec 04, 2020
Dec 04, 2020
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