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10-Year Tsys Show Above 4.00% For The First Time Since ‘10

US TSYS

10-Year Tsy yields briefly show above the 4.00% mark for the first time since ’10 as the major benchmarks run 2-6bp cheaper across the curve and weakness extends, with 7s still driving the cheapening.

  • We have flagged the psychological 4% level, which coincides with a nearby double-top zone representing the ’09-’10 highs, as a point of technical resistance for 10-Year yields in recent days, although bearish momentum for Tsys remains notable.
  • TY futures don’t have much in the way of technical support until the round number of 110-00, with a low of 110-20 registered thus far.
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10-Year Tsy yields briefly show above the 4.00% mark for the first time since ’10 as the major benchmarks run 2-6bp cheaper across the curve and weakness extends, with 7s still driving the cheapening.

  • We have flagged the psychological 4% level, which coincides with a nearby double-top zone representing the ’09-’10 highs, as a point of technical resistance for 10-Year yields in recent days, although bearish momentum for Tsys remains notable.
  • TY futures don’t have much in the way of technical support until the round number of 110-00, with a low of 110-20 registered thus far.