10-YEAR YIELD TECHS: Bears Need A close Below....>

US: 10-YEAR YIELD TECHS: Bears Need A close Below 2.8%

*RES 4: 3.0402 50% 3.2594-2.8210

*RES 3: 3.0141 100-dma

*RES 2: 2.9562 200-dma

*RES 1: 2.9228 50% of Dec range 3.0479-2.7978

*PRICE: 2.8156 @ 10:36 GMT, Dec 19

*SUP 1: 2.7978 Intraday low

*SUP 2: 2.7838 38.2% 2.0144-3.2594

*SUP 3: 2.7594 Low May 30

*SUP 4: 2.7153 Low April 2

US 10-Year yields briefly dipped below the 2.8 level in Asia with bears looking

for a close below to build on recent momentum and further damage the longer term

trend. The May 30 low provides the next layer of support at 2.7598, ahead of the

Apr 2 low at 2.7153. Bulls need to recover the 50% retracement level of Dec

range to improve the short-term outlook. A break of the 200-dma would reignite

the uptrend opening a run at the 3.0 level and 100-dma at 3.0141.