December Bonds finished down 0-080 at 119-010, 0-300 off the high and 0-080 up from the low.
December 10 Yr Treasury Notes closed down 0-010 at 116-260. This was 0-020 up from the low and 0-190 off the high.
Technical Outlook
BONDS (DEC) 09/22/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The market's short-term trend is negative as the close remains below the 9-day moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 118-030. The next area of resistance is around 119-230 and 120-140, while 1st support hits today at 118-180 and below there at 118-030.
10 YR TREASURY NOTES (DEC) 09/22/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the pivot swing number is a mildly negative setup. The next downside target is now at 116-110. The next area of resistance is around 117-070 and 117-205, while 1st support hits today at 116-185 and below there at 116-110.
December 10 Yr Treasury Notes closed down 0-010 at 116-260. This was 0-020 up from the low and 0-190 off the high.
Technical Outlook
BONDS (DEC) 09/22/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The market's short-term trend is negative as the close remains below the 9-day moving average. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 118-030. The next area of resistance is around 119-230 and 120-140, while 1st support hits today at 118-180 and below there at 118-030.
10 YR TREASURY NOTES (DEC) 09/22/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The market's close below the pivot swing number is a mildly negative setup. The next downside target is now at 116-110. The next area of resistance is around 117-070 and 117-205, while 1st support hits today at 116-185 and below there at 116-110.
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