Technical analysis: US Ten Year Note Future

0

0
US TNote Future – Sep 2009
Tue, Jun 30 2009, 08:00 GMT
by Nicole Elliott
Mizuho Corporate Bank
Comment: Five and ten-year US TNotes are leading the re-think, flattening the yield curve as expected. More importantly, June’s price action in benchmark yields can be seen as an ‘extension’ to the corrective bounce of this year which has ended with a dramatic ‘shooting star’ candle on the monthly chart. This underlines the case where yields of between 4.00% and 5.00% are the ‘norm’ of the last eight years and that what is needed now are lower yields. Therefore we shall expect a new lower standard to evolve over the coming months and possibly years. Allow for some nervous sharp swings between 3.25% and 3.85% over the coming weeks, then another drop in yields so that the futures contract trades up to 118.16/119.00, consolidates, then up to 122.00 and eventually 127.00.
Strategy: Buy at 116.09, adding to 115.09; stop below 114.00. Add to longs on a sustained break above 117.08 for 119.00 short term, then levels as above.
Published on
Tue, Jun 30 2009, 08:03 GMT
Archive
- US TNote Future – Dec 2009
Published On Tue, Nov 24 2009, 08:31 GMT
- US TNote Future – Dec 2009
Published On Tue, Nov 17 2009, 09:13 GMT
- US TNote Future – Dec 2009
Published On Tue, Nov 10 2009, 08:41 GMT
- US TNote Future – Dec 2009
Published On Tue, Nov 3 2009, 08:56 GMT
- US TNote Future – Dec 2009
Published On Tue, Oct 27 2009, 09:39 GMT
[ View All ]
Mizuho Corporate Bank
| 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk
Legal disclaimer and risk disclosure
The information contained in this page is based on or derived from information generally available to the public from sources believed to be reliable. No representation or warranty is made or implied that it is accurate or complete. Any opinions expressed in this paper are subject to change without notice. This page has been prepared solely for information purposes and if so decided, for private circulation and does not constitute any solicitation to buy or sell any instrument, or to engage in any trading strategy.
Related reports
Daily Market Report - Indications that the Euro's rally could be running out of some steam by Wells Fargo Investments, LLC
Tue, Nov 24 2009, 14:47 GMT
Interest Rate Monitor - Bonds fail to make headway on latest banking crisis by Interactive Brokers LLC
Tue, Nov 24 2009, 14:36 GMT
Commodities Daily - Commodities rallied yesterday but have generally fallen back this morning by Danske Bank A/S
Tue, Nov 24 2009, 13:03 GMT
Fundamental Currencies Comments - Currencies ahead of U.S. data by ecPulse.com
Tue, Nov 24 2009, 11:34 GMT
Top Fundamental Stories - Europe Ahead: Germany's GDP Unrevised as Imports and Exports Rise by ecPulse.com
Tue, Nov 24 2009, 08:09 GMT
bonds, techbanks, eurozone
View All
Related content
UPDATE: Euro-Zone New Industrial Orders Rise For Sixth Month
Dow Jones | Tue, Nov 24 2009, 11:09 GMT
EU Sep Industrial New Orders up 1.5% MoM, down 16.5% YoY
FXstreet.com | Tue, Nov 24 2009, 10:01 GMT
European markets open on weak note; Euro and Pound lower
FXstreet.com | Tue, Nov 24 2009, 09:54 GMT
GLOBAL MARKETS: European Stocks Decline; Banking Stocks Slip
Dow Jones | Tue, Nov 24 2009, 09:29 GMT
GLOBAL MARKETS: European Stocks Seen Lower On Cash Exit
Dow Jones | Tue, Nov 24 2009, 07:41 GMT
bonds, techbanks, eurozone
View All
The Advisor Weblog » Deflation in Europe, my favorite subject!
Wed, Oct 28 2009, 11:58 GMT
Trading for a living » Endless opportunities at the European Opening
Wed, Oct 21 2009, 09:54 GMT
Trading for a living » Trading the Asian channel at the European opening, again…
Fri, Oct 2 2009, 13:38 GMT
ForexHedge » European Breakouts for next Monday
Mon, Sep 14 2009, 07:37 GMT
ForexHedge » European Breakouts for next Monday
Mon, Aug 31 2009, 07:06 GMT
bonds, techbanks, eurozone
View All
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.