US 10YR FUTURE TECHS: (M5) Key Support Remains Exposed
May-23 15:16
- RES 4: 112-20+ High May 1 and a bull trigger
- RES 3: 112-01+ High May 2
- RES 2: 111-22 High May 7
- RES 1: 110-21+ High May 16 and a key near-term resistance
- PRICE: 110-01 @ 16:05 BST May 23
- SUP 1: 109-13 Low May 22
- SUP 2: 109-08 Low Apr 11 and key support
- SUP 3: 108-26+ 76.4% retracement of the Jan 13 - Apr 7 bull cycle
- SUP 4: 108-21 Low Feb 19
A bear cycle that started early May in Treasury futures remains in play, affirmed by the weakness off intraday highs on Friday. The recent breach of 110-01+, 76.4% of the Apr 11 - May 1 bull leg, strengthened a bearish theme and has exposed key support at 109-08, the Apr 24 low and a bear trigger. Key near-term resistance has been defined at 110-21+, the May 16 high. A move above this level is required to signal a potential reversal.
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FED: US TSY 17W AUCTION: NON-COMP BIDS $650 MLN FROM $60.000 BLN TOTAL
Apr-23 15:15
- US TSY 17W AUCTION: NON-COMP BIDS $650 MLN FROM $60.000 BLN TOTAL
FED: US TSY 2Y FRN AUCTION: NON-COMP BIDS $17 MLN FROM $30.000 BLN TOTAL
Apr-23 15:15
- US TSY 2Y FRN AUCTION: NON-COMP BIDS $17 MLN FROM $30.000 BLN TOTAL
OPTIONS: Expiries for Apr24 NY cut 1000ET (Source DTCC)
Apr-23 14:53
- EUR/USD: $1.1370(E505mln)
- USD/JPY: Y140.00($1.8bln), Y145.00($1.4bln)
