US 10YR FUTURE TECHS: (M5) Bullish Structure

Mar-21 10:10
  • RES 4: 113-02+ 2.0% 10-dma envelope 
  • RES 3: 112-13   1.500 proj of the Jan 13 - Feb 7 - Feb 12 price swing
  • RES 2: 112-01/02 High Mar 4 / 1.382 proj of Jan 13-Feb 7-12 swing
  • RES 1: 111-25   High Mar 11  
  • PRICE:‌‌ 111-02+ @ 08:00 GMT Mar 21 
  • SUP 1: 110-19 20-day EMA
  • SUP 2: 110-12+ Low Mar 6 & 13 
  • SUP 3: 110-03+/00 50-day EMA / High Feb 7 and a key support 
  • SUP 4: 109-13+ Low Feb 24

Treasury futures traded higher Thursday, strengthening a bullish theme.  Moving average studies reinforce current trend conditions - they remain in a bull-mode position, highlighting a dominant uptrend. Recent gains have resulted in a print above 111-22+, the Dec 3 ‘24 high. A clear breach of this level would open 112-02 and 112-13, Fibonacci projections. Firm support is unchanged at 110-00, Feb 7 high.

Historical bullets

EURIBOR: EURIBOR FIX - 19/02/25

Feb-19 10:07

EURIBOR FIX - EMMI/Bloomberg

  • EUR001W 2.6520 -0.0160
  • EUR001M 2.6410 0.0170
  • EUR003M 2.5290 0.0130
  • EUR006M 2.4740 -0.0100
  • EUR012M 2.4470 0.0030

GILT AUCTION RESULTS: [Correct] 4.375% Mar-28 Gilt

Feb-19 10:06

Corrected to include yield tail.

 4.375% Mar-28 GiltPrevious
AmountGBP4.25blnGBP4.25bln
Avg yield4.294%4.384%
Bid-to-cover3.09x3.20x
Tail0.5bp0.2bp
Avg price100.22899.974
Low price100.21399.967
Pre-auction mid100.21899.961
Previous date 23-Jan-25

GILT AUCTION RESULTS: 4.375% Mar-28 Gilt

Feb-19 10:05
 4.375% Mar-28 GiltPrevious
AmountGBP4.25blnGBP4.25bln
Avg yield4.294%4.384%
Bid-to-cover3.09x3.20x
Avg price100.22899.974
Low price100.21399.967
Pre-auction mid100.21899.961
Previous date 23-Jan-25