Core Viewpoint - December Treasury note futures are currently in a downtrend, presenting a selling opportunity as prices are expected to weaken further [1][2]. Technical Analysis - The daily bar chart indicates that December Treasury note futures are in a fledgling downtrend, with the MACD indicator showing a bearish posture as the blue MACD line is below the red trigger line and both are trending lower [1]. - A move below the chart support at last week's low of 112.06 would empower bearish sentiment and create a selling opportunity, with a downside price objective of 110.00 or below [3]. Fundamental Factors - Persistent U.S. inflation is keeping bond yields elevated, which inversely affects prices, leading to concerns about the U.S. budget deficit that are causing investors, including sovereign nations, to avoid purchasing U.S. Treasuries [2].