ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-Jun-23 07:09 CT

Price Action

• Last: 113.28,
• Bars: Large,
• Mom: average.

WSFG Weekly

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

MSFG Month Jun

• 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: UTrend,
• 3. Pvt. Evolve: Pvt High 113.87500,
• 4. Pvt. Next: Pvt Low 109.87500,
• 5. Levels R: 176.31250, 164.43750, 158.75000, 145.31250, 133.31250,
• 6. Levels S: 109.00000, 108.03125, 105.50000.

Weekly Benchmarks

• (Short-Term) 5 Day: 112.09375 Up Trend,
• (Short-Term) 10 Day: 112.37500 Up Trend,
• (Intermediate-Term) 20 Day: 113.43750 Down Trend,
• (Intermediate-Term) 55 Day: 113.93750 Down Trend,
• (Long-Term) 100 Day: 114.78125 Down Trend,
• (Long-Term) 200 Day: 118.31250 Down Trend.

Overall Rating

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

Key Insights Summary

Bond futures are holding a broad multi-year down-structure, but the weekly pivot state has turned back to UTrend after a completed swing low. Price is trading near the lower end of the current 2026 weekly range and remains below the 20, 55, 100, and 200 day benchmarks, which keeps the broader tone heavy. The short-term tape is more balanced than the higher timeframe trend, with the 5 and 10 day averages still positive while the longer benchmarks continue to slope lower. The chart shows repeated large swing expansions and retracements, with 2024, 2025, and 2026 all marked by major test-and-reject rotations. This leaves the market in a choppy consolidation-to-downtrend phase where rallies have been capped by declining benchmark resistance and prior pivot supply, while support is clustered near the 109.00 area and just below. The long-term picture remains bearish, but the current weekly pivot recovery keeps the near-term structure neutral rather than impulsively directional.