Technical analysis: US Ten Year Note Future
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US TNote Future – Dec 2008
Tue, Aug 26 2008, 08:22 GMT
by Nicole Elliott
Comment: Thirty-year TBond yields are leading the way lower and we still feel the yield curve should flatten somewhat, especially long dated maturities over two-year. Ten-year yields should drop sharply as and when we hold below 3.75%, re-testing this year’s lows around 3.29%. Note that the lowest yield on this maturity post-WWII was 2.50% in 1954. This December futures contract should soon squeeze up to 117.00/117.16 and eventually the all-time high around 120.00.
Strategy: Buy at 115.24, adding to 115.00; stop below 114.00. Add to longs on a daily close above 116.00 for 117.00 short term, then 118.24/119.00 where some consolidation is likely.
Published on Tue, Aug 26 2008, 08:23 GMT
Archive
- US TNote Future – March 2009
Published On Tue, Dec 2 2008, 10:07 GMT - US TNote Future – Dec 2008
Published On Tue, Nov 25 2008, 10:06 GMT - US TNote Future – Dec 2008
Published On Tue, Nov 18 2008, 09:22 GMT - US TNote Future – Dec 2008
Published On Tue, Nov 11 2008, 09:20 GMT - US TNote Future – Dec 2008
Published On Tue, Nov 4 2008, 09:35 GMT
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