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10-YEAR YIELD TECHS: Based Ahead of 2.54 *RES....>

US
US: 10-YEAR YIELD TECHS: Based Ahead of 2.54
*RES 5: 2.9484 200-dma
*RES 4: 2.9003 50% 3.2594-2.5412
*RES 3: 2.8985 Hourly resistance Dec 14
*RES 2: 2.7348/7946 38.2%/50% of 3.0479-2.5412
*RES 1: 2.7153 Apr 2 low, now resistance
*PRICE: 2.6397 @ 11:05 GMT, Jan 4
*SUP 1: 2.5412 Intraday low
*SUP 2: 2.5206 Jan 16 2018 low
*SUP 3: 2.4900 61.8% 2.0144-3.2594
*SUP 4: 2.4145 Jan 2 2018 low
US 10-year yields accelerated the downtrend to 11-month lows of 2.5412, before
improving risk appetite has seen safe-haven bonds retreat toward the 2.60 level.
The Jan 16 low provides the next layer of support at 2.5206, ahead of the 61.8%
fibo at 2.4900. Bulls need to recover the 38.2% retracement level at 2.7348 to
improve the short-term outlook, targeting broken trend-line support at 2.8062.

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