{"id":1480,"date":"2009-04-20T14:41:49","date_gmt":"2009-04-20T19:41:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1480"},"modified":"2009-04-20T14:41:49","modified_gmt":"2009-04-20T19:41:49","slug":"treasury-bond-daily-commentary-for-42009","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/20\/treasury-bond-daily-commentary-for-42009\/","title":{"rendered":"Treasury Bond Daily Commentary for 4.20.09"},"content":{"rendered":"<p><span style=\"color: #888888;\">By Fast Brokers<\/span><\/p>\n<p>The 30 Year T-Bond futures are recovering from Friday\u2019s large selloff that saw new April lows.\u00a0 The strength in the 30 Year futures comes in reaction to the large selloff taking place on Wall Street today.\u00a0 However, despite the present pop in the 30 Year futures, they have been exhibiting clear behavior of a downtrend.\u00a0 Both near-term and medium-term downtrends are in play, as displayed by our 2nd and 3rd tier downtrend lines.\u00a0 Despite the inherent negativity, the 30 Year futures still have February and March lows to fall back on.\u00a0 Therefore, a major selloff should be avoided as long as these lows remain intact.\u00a0 We\u2019re keeping the massive rally of March 18 in the back of our minds.\u00a0 We were expecting a follow through to the upside, but it hasn\u2019t materialized yet.\u00a0 The downtrend taking control despite the use of quantitative easing raises a red flag concerning the demand at Treasury auctions.\u00a0 The use of quantitative easing is unprecedented in the U.S., so we expect odd behavior from the 30 Year and 10 Year futures over the medium-term.\u00a0 Therefore, the overall correlation with equities isn\u2019t very reliable.\u00a0 However, the recent performance of the 30 Year futures could be displaying a forewarning message as far as the health of the U.S. economy is concerned.\u00a0 Fundamentally, we find resistances of 127.28, 127.64, 127.89, 128.31, and 128.73.\u00a0 To the downside, we hold our supports of 127.04 126.69, 126.27, and 125.90 with fresh bottom-end of 125.5.\u00a0 The 30 Year T-Bond futures are presently trading at 127 02.5.<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/4_20TBond.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/4_20TBond.jpg\" alt=\"\" width=\"595\" height=\"500\" \/><\/a><\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?PL080\" target=\"_blank\"><span style=\"text-decoration: underline;\"><strong>Fast Brokers<\/strong><\/span><\/a>.<\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The 30 Year T-Bond futures are recovering from Friday\u2019s large selloff that saw new April lows.  The strength in the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1480","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=1480"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1480\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}