ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-May-12 07:08 CT

Price Action

• Last: 119.66484,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt Low 111.71875,
• 4. Pvt. Next: Pvt High 115.71875,
• 5. Levels R: 176.81250, 164.84375, 159.25000, 145.81250, 133.81250,
• 6. Levels S: 111.71875, 108.53125, 106.00000, 100.00000.

Weekly Benchmarks

• (Short-Term) 5 Day: 113.8125 Down Trend,
• (Short-Term) 10 Day: 113.71875 Down Trend,
• (Intermediate-Term) 20 Day: 114.75 Down Trend,
• (Intermediate-Term) 55 Day: 114.9375 Down Trend,
• (Long-Term) 100 Day: 115.625 Down Trend,
• (Long-Term) 200 Day: 119.65625 Down Trend.

Overall Rating

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

Key Insights Summary

Bond futures remain in a broader downward trend structure, with the weekly swing pivot still marked DTrend and the benchmark stack uniformly sloping lower. Price is trading well below the 200-day benchmark and below the key mid-term moving averages, confirming a persistent bearish tape on the higher timeframe. The pivot map shows the market working off lower highs and lower lows, with the next pivot sequence still biased toward a downside swing condition rather than trend repair. The 2025-2026 zone sits under the prior 2024 and 2025 consolidation shelves, and the current action looks like a continuation phase after repeated rejection from overhead resistance bands. The chart is still behaving like a choppy but downward-pressured decline, with rallies fading into resistance and support levels clustering near the 111.72, 108.53, and 106.00 areas.