Bond Breakdown (week of 8/22)

Posted: Aug. 22, 2023, 7:24 a.m.

10-Year Treasury-Notes 

Technicals (September)

Treasury futures have a small bounce, with momentum studies still in oversold territory. Prices have been in a Bearish Trend since May 19th at 114-11. It would take a push through 111-175 to shift traders back to a Neutral trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 112-160**

Pivot: 111-175

Support: 109-00**

Screenshot 2023-08-21 063648

30-Year Treasury Bonds 

Technicals (September)

T-Bonds press to new contract lows, with momentum studies pressing back into oversold territory. Prices have been in a Bearish Trend since May 16th at 129-10. It would take a push through 123-23 to shift traders back to a Neutral trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 123-23**, 125-00***

Pivot: 120-00

Support: 118-00**

Screenshot 2023-08-21 063231


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