The downward trend remains firm in the 10-year and 30-year with these key levels of resistance to watch
10-Year Treasury-Notes
Technicals (December)
Treasury Futures broke to new contract lows as the Fed maintained a “Hawkish Pause” while yields hovered near 4.49%. Prices have recently been cycling from the mid-108s to the mid-111s. (Trade the range).
Prices have been in a Bearish Trend since July 6th at 111-070. It would take a push through 110-115 to shift traders back to a Neutral trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 110-115***, 112-000**, 112-230**
Pivot: 109-00
Support: 108-15-180-00***
30-Year Treasury Bonds
Technicals (December)
T-Bonds continue to correct this week while Prices have been in a Bearish Trend since July 27th at 124-04. It would take a push through 120-13 to shift traders back to a Neutral trend.
Bias: Bearish/Neutral
Previous Session Bias: Bearish/Neutral
Resistance: 120-13**-122-19**, 125-00***
Pivot: 117-16
Support: 115-00**
