Free Trial

10-YEAR YIELD TECHS: Approaching 2.50 *RES 4:....>

US
US: 10-YEAR YIELD TECHS: Approaching 2.50
*RES 4: 2.7187    Mar 6 high
*RES 3: 2.6717/60 Mar 12 high/50-dma
*RES 2: 2.6517    50% 2.7968-2.5066
*RES 1: 2.5782    Mar 15 low
*PRICE: 2.5173    @ 10:53 GMT, Mar 21
*SUP 1: 2.5066    Intraday low
*SUP 2: 2.5007    Dec 21 2017 high
*SUP 3: 2.4756    Oct 27 2017 high
*SUP 4: 2.4320    Triangle breakout target
10-Yr yields extended yesterday's post FOMC losses with a move to fresh ytd lows
of 2.5066. Support ahead of the key 2.50 level contained the move, despite this
recovery efforts have so far remained shallow. A downside break would likely
trigger renewed momentum toward the Oct 27 2017 high at 2.4756, ahead of the
triangle breakout target at 2.4320. Bulls need to recover the Mar 15 low to
stabilise the outlook, opening a return toward the Mar 12 high & 50-dma.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.