ARTICLE SYNOPSIS ...U.S. Treasury auctions and technical analysis by Gerald S. Celaya The auction process in the Treasury bond market creates a problem for technical analysts--the newly auctioned issue has none of the historical price data needed for technical analysis and prices for the new bond are usually quite different from prices of the old bond due to different maturities and coupons. Charts, as well as databases, are affected by the bond auction. Technical indicators--trend-following or momentum oscillators--require historical data. Thus, the lack of data limits the usefulness of most technical trading sys...