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December T-bonds were slightly lower overnight. Overnight weakness sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December resumes the decline off September's high, the June 16th low crossing at 156-15 is the next downside target. Closes above the 20-day moving average crossing at 159-00 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 159-00. Second resistance is the October 4th high crossing at 160-20. First support is the 62% retracement level of the 2020-2021-rally crossing at 157-13. Second support is the June 16th low crossing at 156-15.

December T-notes were lower overnight. Overnight weakness sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI are oversold but remains neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's, weekly support crossing at 129.035 is the next downside target. Closes above the 20-day moving average crossing at 131.071 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 131.071. Second resistance is the October 14th high crossing at 131.195. First support is Thursday's low crossing at 129.310. Second support is weekly support crossing at 129.035.