Bond Markets Summary for Nov 20, 2020


Bond Markets Technical Analysis Market Overview Report for Nov 20, 2020 | by Techniquant Editorial Team

Highlights

TBOND closes above its opening price after recovering from early selling pressure
BUND breaks back above 20-day moving average
TNOTE2Y breaks back above 20-day moving average for the first time since November 5th
TNOTE5Y closes higher for the 2nd day in a row
TNOTE10Y ends the day indecisive

Summary

With five out of the five Bond Markets closing higher today, the ones that stand out on the positive side are BUND gaining 0.23% and TBOND closing 0.14% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Bond Markets showed up in TNOTE2Y: Among the three market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bullish Break through SMA 20" stand out. While it is usually interpreted as bullish, it has actually shown to be bearish for 2Y T-Note. Out of 173 times, TNOTE2Y closed lower 53.76% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after 10 trading days, showing a win rate of 54.34% with an average market move of -0.00%. Read more

Bond Markets Overviews

TBOND 175.250 0.250 (0.14%) Moving higher for the 2nd day in a row, TBOND ended the week 1.18% higher at 174.156 after gaining $0.250 (0.14%) today. Trading up to $0.437 lower after the open, the contract managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on November 11th, TBOND gained 1.04% on the following trading day. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
BUND 175.73 0.40 (0.23%) Moving higher for the 2nd day in a row, BUND finished the week 0.44% higher at 175.73 after gaining €0.40 (0.23%) today. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 175.41, the Bund confirmed its breakout through the previous session high after trading up to €0.32 above it intraday. Read more
TNOTE2Y 110.391 0.008 (0.01%) Moving higher for the 2nd day in a row, TNOTE2Y ended the week 0.04% higher at 110.391 after gaining $0.008 (0.01%) today. Trading up to $0.008 lower after the open, 2Y T-Note managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on October 12th, TNOTE2Y gained 0.02% on the following trading day. Read more
TNOTE5Y 125.945 0.007 (0.01%) Moving higher for the 2nd day in a row, TNOTE5Y finished the week 0.13% higher at 125.617 after edging higher $0.008 (0.01%) today. Trading up to $0.047 lower after the open, the contract managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on November 11th, TNOTE5Y gained 0.21% on the following trading day. Closing above Thursday's high at 125.609, 5Y T-Note confirmed its breakout through the previous session high after trading up to $0.032 above it intraday. Read more
TNOTE10Y 138.172 0.031 (0.02%) Moving higher for the 2nd day in a row, TNOTE10Y finished the week 0.33% higher at 138.531 after edging higher $0.031 (0.02%) today. Trading up to $0.141 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. The last time this happened on November 11th, TNOTE10Y gained 0.43% on the following trading day. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more

Detailed Reports

Daily technical analysis candlestick chart for Euro Bund (BUND) as at Nov 27, 2020
Nov 27, 2020
Daily technical analysis candlestick chart for U.S. 5 Year T-Note (TNOTE5Y) as at Nov 27, 2020
Nov 27, 2020
Daily technical analysis candlestick chart for U.S. Treasury Bond (TBOND) as at Nov 27, 2020
Nov 27, 2020
Daily technical analysis candlestick chart for U.S. 10-Year T-Note (TNOTE10Y) as at Nov 27, 2020
Nov 27, 2020
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