30-year Treasury Bond

March 12, 2012 by staff 

30-year Treasury Bond, Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

30-year Treasury Bond futures declined today (3/01) for a third consecutive trading session.

This move lower gives me a sell signal on the daily chart for March 30-year T-bonds as they approach the lower end of their recent trading range. The T-bonds pierced the 100-day SMA today before pulling back and settling just above this support area. Taking a look at the weekly chart you can see the bonds have been trading sideways for quite some time now. You can also observe on the weekly chart that for the past six weeks the 30-year T-bonds’ opening and closing prices settle in between their 9-week and 20-week SMA’s in an even narrower trading range.

U.S. Fed Chief Ben Bernanke confirmed again today that there would be no QE3 and continuous positive developments in theU.S.job market may put additional pressure on bond prices.

In this range-bound market we’ll have to wait to see if we can break the lower end of the range around the 140-16 level.

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