Ten-Year Treasury Notes (ZN) Face Persistent Selling PressureThe decline in Ten-Year Treasury Notes (ZN) from the high on July 4, 2025, is unfolding as a double three Elliott Wave structure, signaling potential bearish momentum. From that peak, wave (W) completed at 109’08, followed by a corrective rally in wave (X) that topped at 112’02. The Notes have since
Bearish Outlook for 10-Year Treasury Note Futures Next WeekTargets:
- T1 = $108.75
- T2 = $107.50
Stop Levels:
- S1 = $111.20
- S2 = $112.50
**Wisdom of Professional Traders:**
This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wis
BOND MARKET ZN1! 4 HR. VALIDATES BULLISH RISK ASSETS NEXT!1). Wave one North in progress on a 5-wave sequence! 2). US Government is buying bonds! 3). Volume has petered out on the drop! 4). Banks are also Buying.5). Bond Yields drop, which is good for Risk-Assets! 6). US$ continues to weaken on Tariffs!
US 10 YR. T-NOTE 4 HR./ CORRECTIVE WAVE 4 IS LIKELY OVER!1). Price is very likely heading towards the fair Market value @ 107. 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 50% TOWARDS 107! 6). Corrective wave 4 is likely dropping to complete wave 5. 7).
Steepening Yields & Uncertainty: What says the Bond Markets?
CBOT:ZN1!
US Yield Curve in Image Above
Showing yields on May 27, 2024 vs May 27, 2025 . What happened in a year and how to understand this?
Looking at the image above, the yield curve was inverted on this day last year. Comparing last year’s term structure to today’s, we can see t
RISK ASSETS TEND TO FOLLOW 10 YR. T-NOTE The chart indicates one more leg down to complete a typical 5-wave motive sequence. The market liquidity is also being pulled to the downside, as shown with Indicators. This analysis suggests Inflation hasn't completely cooled...Powell, likely isn't onboard yet with Rate-cuts.
Long positions will
Bonds Could be Forming a Big Low The drop in bonds took them down the 76 retracement level and this is where we're stalled out, at least for now.
Action in this area is consistent with a head and shoulders - and if that pattern is in play then we'd be into the rally in bonds now.
Something that's always worth noticing is when t
Current Mechanics playing out in US and Global MarketsCBOT:ZN1!
COMEX:GC1!
CME:6E1!
CME:6J1!
US Bond Market:
The US bond market—specifically US 10-year Notes—has long been considered a safe haven amid market turmoil. Historically, during periods of uncertainty, investors have flocked to these “flight to safety” assets, resulting in incre
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Related futures
Frequently Asked Questions
The nearest expiration date for 10-Year T-Note Futures (Dec 2023) is Dec 19, 2023.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell 10-Year T-Note Futures (Dec 2023) before Dec 19, 2023.