Free Trial

10-YEAR YIELD TECHS: Bulls Target Close Above....>

US
US: 10-YEAR YIELD TECHS: Bulls Target Close Above 3.2%
*RES 4: 3.6132 High April 2011p
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.2400 Channel top
*RES 1: 3.2305 Oct 4 high
*PRICE: 3.2006 @09:35 GMT, Oct 5
*SUP 1: 3.1261 May 18 high, now support
*SUP 2: 3.0139 Aug 1 high, now support
*SUP 3: 2.9683 61.8% 2.8063-3.2305
*SUP 4: 2.9465 Triangle top from May high
US 10-year yields touched multi-year highs of 3.2305 yesterday but were unable
to close above 3.20. Bulls focus remains on 3.2305, a break opens channel top
resistance at 3.2400. Bears need a break back below the May 18 high to gain some
breathing space, before challenging the Aug 1 high at $3.0139, now acting as
support.

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.