December Bonds finished up 0-040 at 120-160, 0-290 off the high and 0-170 up from
the low.
December 10 Yr Treasury Notes closed up 0-025 at 117-315. This was 0-075 up from the low and 0-170 off the high.
Technical Outlook
BONDS (DEC) 09/14/2009: A bullish signal was given with an upside crossover of the daily stochastics. Momentum studies are rising from mid-range, which could accelerate a move higher if resistance levels are penetrated. The market's close above the 9-day moving average suggests the short-term trend remains positive. With the close higher than the pivot swing number, the market is in a slightly bullish posture. The near-term upside objective is at 122-000. The next area of resistance is around 121-060 and 122-000, while 1st support hits today at 119-250 and below there at 119-050.
10 YR TREASURY NOTES (DEC) 09/14/2009: The daily stochastics have crossed over up which is a bullish indication. Rising stochastics at overbought levels warrant some caution for bulls. The market's short-term trend is positive on the close above the 9-day moving average. It is a mildly bullish indicator that the market closed over the pivot swing number. The next upside objective is 118-270. The next area of resistance is around 118-120 and 118-270, while 1st support hits today at 117-185 and below there at 117-075.
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