US Treasuries Update 9-10

BOTH 30 +10 YEAR RATE CHARTS LOOK TECHNICALLY POSITIVE, BUT STRONG RESISTANCE LIES AROUND THE CORNER: 2.40/2.42PCT FOR 10YR AND 2.94/3.00PCT FOR BONDS´ RATE.
AS WE MENTIONED LAST WEEK, THIS COULD LEAD TO A SHORT TERM RECOVERY IN BOND AND NOTE PRICES, THUS CONFIRMING CYCLE STUDIES WHICH SUGGEST WE ARE DUE TO A SHORT TERM LOW IN 10YR FUTURES PRICES.
IN SHORT: WE WILL BE TRADING THE 125.20 / 124.20 RANGE IN 10YR FUTURES AND THE 153 / 151 RANGE IN BONDS UNTIL FUNDAMENTALS FORCE A BREAK LOWER (AS WE EXPECT).
Tasa del bono de 30 años 9-10US T 10 Years 9-10
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s