ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-07 07:09 CT

Price Action

• Last: 114.19297,
• Bars: Medium,
• Mom: slow.

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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 112.37500,
• 4. Pvt. Next: Pvt high 114.12500,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.58250, 127.87500,
• 6. Levels S: 112.00000, 111.71875, 110.18750, 108.53125, 106.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 112.87500 Down Trend,
• (Short-Term) 10 Day: 113.21875 Up Trend,
• (Intermediate-Term) 20 Day: 113.71875 Down Trend,
• (Intermediate-Term) 55 Day: 114.18750 Down Trend,
• (Long-Term) 100 Day: 114.84375 Down Trend,
• (Long-Term) 200 Day: 115.18750 Down Trend.

Additional Metrics

• ATR: 28,
• VOLMA: 530000.

Overall Rating

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

Key Insights Summary

Bond futures are working through a rebound from the early-May low after a sharp March-to-April decline and a lower-high/lower-low sequence. The daily structure shows a short-term pivot turn higher, but the broader swing picture remains capped beneath the 20, 55, 100, and 200-day benchmarks, which are still aligned in a bearish stack. Price is back testing the 114 area after recovering off the 112 handle, leaving the chart in a transitional zone between a short-covering bounce and a broader downtrend continuation. The most recent action looks like a recovery leg inside a larger consolidation-to-downtrend phase, with overhead supply clustered in the 114-115 region and support defined near the 112 area.