FED: US TSY TO SELL $89.000 BLN 13W BILL FEB 09, SETTLE FEB 12

Feb-05 17:05

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* US TSY TO SELL $89.000 BLN 13W BILL FEB 09, SETTLE FEB 12...

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FED: US TSY TO SELL $80.000 BLN 4W BILL JAN 08, SETTLE JAN 13

Jan-06 17:05
  • US TSY TO SELL $80.000 BLN 4W BILL JAN 08, SETTLE JAN 13

OPTIONS: Larger FX Option Pipeline

Jan-06 17:01
  • EUR/USD: Jan08 $1.1800(E1.8bln); Jan09 $1.1500(E5.3bln), $1.1800(E2.3bln); Jan12 $1.1300(E1.5bln), $1.1800(E1.3bln)
  • USD/JPY: Jan08 Y156.15($2.1bln), Y157.00($2.9bln)
  • AUD/USD: Jan08 $0.6500(A$1.3bln), $0.6730(A$1.1bln)
  • USD/CNY: Jan08 Cny7.0469($1.2bln)

US 10YR FUTURE TECHS: (H6) Support Remains Exposed

Jan-06 16:58
  • 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.