USATBSEP24 -September US bond futures traded long
September US bond futures have had a corrective spike this Friday following the non-farm payrolls (NFP) news. Since April it has been showing how the news of possible rate adjustments by the Fed have been consolidating the US bond to the upside. At the moment, if we look at the rise in gold and bonds, it tells us that it is becoming very interesting for the market to access safer products than equities, and large capitals are beginning to bet on products of this type.
If we look at the lowest price of bonds in September, it is at 112.81250 with its support slightly above. The price high was at Christmas 2023 at 125.90625. Since the April notification of rate hike intentions, interest has been building which currently places the forward POC at around 119.7, slightly below the last strong resistance zone of 120.75779. So it is not going to be unusual to see the bond move higher as long as this intention to raise rates is maintained. The 7-10 year (Ticker AT: IEF.US), 3-7 year (Ticker AT: IEI.US), 1-3 year (Ticker AT: SHY.US) etf ishares are going to be ETFs of great interest for the rest of the year.
Ion Jauregui - Analyst ActivTrades
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
If we look at the lowest price of bonds in September, it is at 112.81250 with its support slightly above. The price high was at Christmas 2023 at 125.90625. Since the April notification of rate hike intentions, interest has been building which currently places the forward POC at around 119.7, slightly below the last strong resistance zone of 120.75779. So it is not going to be unusual to see the bond move higher as long as this intention to raise rates is maintained. The 7-10 year (Ticker AT: IEF.US), 3-7 year (Ticker AT: IEI.US), 1-3 year (Ticker AT: SHY.US) etf ishares are going to be ETFs of great interest for the rest of the year.
Ion Jauregui - Analyst ActivTrades
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
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