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
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
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
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
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Summarizing what the indicators are suggesting.
Neutral
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Strong sellSellNeutralBuyStrong buy
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Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The current price of 10-Year T-Note Futures (Dec 2025) is 110'21'0 USD — it has risen 0.21% in the past 24 hours. Watch 10-Year T-Note Futures (Dec 2025) price in more detail on the chart.
The volume of 10-Year T-Note Futures (Dec 2025) is 4.00. Track more important stats on the 10-Year T-Note Futures (Dec 2025) chart.
The nearest expiration date for 10-Year T-Note Futures (Dec 2025) is Dec 19, 2025.
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 2025) before Dec 19, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For 10-Year T-Note Futures (Dec 2025) this number is 417.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for 10-Year T-Note Futures (Dec 2025) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for 10-Year T-Note Futures (Dec 2025). Today its technical rating is neutral, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of 10-Year T-Note Futures (Dec 2025) technicals for a more comprehensive analysis.