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September U.S. T-bond futures trend lower amid sticky inflation view
The article points to two-month lows for September U.S. Treasury bond futures and flags 110 as near-term chart support, with a downside target of 106 16/32 or below.
Yahoo Finance, citing Barchart commentary, says September U.S. T-bond futures (ZNU26) are trending down and recently reached a two-month low, giving bears a near-term technical advantage.
The piece attributes the bearish tone in Treasury prices to a view that U.S. inflation remains sticky and that a resilient U.S. economy supports a hawkish monetary policy stance, with investors expecting higher interest rates.
It also notes Federal Reserve Chair Kevin Warsh has leaned hawkish, warning about inflation risks, which the article says is negative for Treasury prices.
Technically, the commentary says a move in September T-bond futures below chart support at 110 could create a selling opportunity, while it places resistance at 111 16/32 and a downside objective at 106 16/32 or below.