ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-01 07:08 CT

Price Action

• Last: 112'30,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 112'34,
• 4. Pvt. Next: Pvt High 114'03,
• 5. Levels R: 145'81, 133'81, 132'37, 128'58, 127'87,
• 6. Levels S: 112'34, 111'71, 110'18, 108'53, 106'00.

Daily Benchmarks

• (Short-Term) 5 Day: 113'34 Down Trend,
• (Short-Term) 10 Day: 113'81 Down Trend,
• (Intermediate-Term) 20 Day: 113'90 Down Trend,
• (Intermediate-Term) 55 Day: 114'40 Down Trend,
• (Long-Term) 100 Day: 114'93 Down Trend,
• (Long-Term) 200 Day: 115'18 Down Trend.

Additional Metrics

• ATR: 29,
• VOLMA: 450837.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bearish.

Key Insights Summary

Bond futures remain in a downward swing structure with the current price holding below every benchmark moving average and below the mid-April consolidation zone. The pivot model is in DTrend on both the short-term and intermediate-term readings, and the next pivot reference is a high near 114'03 after the market produced a lower low around 111'71 and then failed to reclaim the 113'xx to 114'xx resistance band. Price action shows a sharp selloff from the March peak, a brief April range, and a renewed downside break that keeps the chart in a bearish trend-continuation phase rather than a recovery pattern. Volatility is elevated but not disorderly, with the daily range expanding enough to support large candles and fast momentum, while the 200-day average is flattening and the 5/10/20/55/100-day stack remains aligned to the downside.