SECURITY: Bessent Signals Support For Ukraine During Senate Testimony

• RES 4: 113-00+ 61.8% retracement of the Nov 25 - Dec 10 bear leg
• RES 3: 112-31   High Dec 18 and key short-term resistance 
• RES 2: 112-25+ High Dec 30 / 31 
• RES 1: 112-20   50 -day EMA
• PRICE:‌‌ 112-08 @ 16:49 GMT Jan 6
• SUP 1: 112-01+/111-29 Low Dec 23 / 10 and the bear trigger
• SUP 2: 111-19   1.236 proj of the Oct 17 - Nov 5 - 25 price swing
• SUP 3: 111-11   1.382 proj of the Oct 17 - Nov 5 - 25 price swing 
• SUP 4: 111-00   Round number support 

Treasuries are in consolidation mode and continue to trade above key support at 111-29, the Dec 10 low and bear trigger. The trend remains bearish and a break of 111-29 would confirm a resumption of the bear cycle. This would open 111-19 initially, a Fibonacci projection. Key short-term resistance is at 112-31, the Dec 18 high, where a break would undermine a bear theme and signal scope for a stronger recovery instead.

• +11,610 FVH6 109-05.75, post time offer at 1124:43ET, DV01 $508,000.
• The 5Y contract trades 109-05.5 last (-4)

• +35,000 TYG6 114 calls, 2
• +12,000 FVG6 109 puts, 11.5 vs. 109-05.5
• 3,500 USG6 114/116 strangles, 54-55