The market will keep an eye on data releases early this morning and Beige Book this afternoon.
10-Year Treasury-NotesĀ
Technicals (December)
Treasuries rebounded overnight as Yields hovered at 4.24%. The market will keep an eye on data releases at 7:30 a.m. cst where ISM Services are expected to come in at 52.5. Beige Book comes out this afternoon at 1:00 p.m. cst and is one of the tools the Fed uses to help make interest rate decisions. Prices have been in a Bearish Trend since July 6th at 111-070. It would take a push through 111-225 to shift traders back to a Neutral trend.Ā
Bias:Ā Bearish/Neutral
Previous Session Bias:Ā Bearish/Neutral
Resistance: 112-230**
Pivot: 111-225
Support: 110-00**, 109-00***

30-Year Treasury BondsĀ
Technicals (December)
T-Bonds are correcting from last week’s rally. Prices have been in a Bearish Trend since July 27th at 124-04. It would take a push through 123-08 to shift traders back to a Neutral trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 123-08**, 125-00***
Pivot: 120-00
Support: 119-00-118-00**
