US 10YR FUTURE TECHS: (H6) Fades Off Highs

Jan-07 16:01
  • 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: 112-19+/22 50-day EMA/High Jan 7
  • PRICE:‌‌ 112-15 @ 15:59 GMT Jan 7
  • 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 continue to trade above key support at 111-29, the Dec 10 low and bear trigger. An early rally briefly topped the 112-19+ 50-day EMA before prices quickly reversed. This keeps the trend set-up bearish and a breach of 111-29 would confirm a resumption of the bear cycle. This would open 111-19 initially, a Fibonacci projection. On the upside, key short-term resistance is unchanged at 112-31, the Dec 18 high, where a break would undermine a bear theme and signal scope for a stronger recovery instead.

Historical bullets

SOFR OPTIONS: Mar'26 SOFR Midcurve Call Spread Sale

Dec-08 15:52
  • -20,000 0QH6 97.25/97.50 call spds, 2.25 ref 96.79

OPTIONS: Expiries for Dec09 NY cut 1000ET (Source DTCC)

Dec-08 15:50
  • EUR/USD: $1.1585-90(E1.7bln), $1.1600(E755mln), $1.1675(E784mln), $1.1760(E1.3bln)
  • EUR/GBP: Gbp0.8785-92(E530mln)
  • AUD/USD: $0.6330-35(A$1.2bln)

US TSYS: Mar'26 10Y Futures Nearing Round Number Support

Dec-08 15:48
  • Treasury futures continue to extend lows as momentum/sell-flow on heavier volumes appears to be main driver rather than headlines.
  • Through key technical support at 112-07.5, the Mar'26 10Y contract trades down to 112-02.5 Sep 25 low). Holding above round number support at 112-00.
  • Heavy selling has pushed TYH6 contract volume to 940,000 at the moment.
  • Lone data for the day coming up at 1000ET: NY Fed Consumer Sentiment Survey (3.24% prior).