Free Trial

10-YEAR YIELD TECHS: Clears The 50-DMA *RES 4:...>

US
US: 10-YEAR YIELD TECHS: Clears The 50-DMA
*RES 4: 2.9137/67     200-dma/Dec 13 2018 high
*RES 3: 2.8931/9003   100-dma/50% 3.2594-2.5412
*RES 2: 2.7968/2.8156 Jan 18 high/38.2% 3.2594-2.5412
*RES 1: 2.7477        Intraday high
*PRICE: 2.7386        @ 16:13 GMT, Mar 1
*SUP 1: 2.6668/6573   61.8% 2.6168-2.7477/Feb 28 low
*SUP 2: 2.6168        Jan 31 low
*SUP 3: 2.5412        Jan 4 YTD low
*SUP 4: 2.5206        Jan 16 2018 low
*SUP 5: 2.4900        61.8% 2.0144-3.2594
UST yields remain well supported with the 10-Yr gaining nearly 5% on the week to
2.7477. Consolidation above here brings the Jan 18 high into view at 2.7968,
ahead of the 38.2% retracement level at 2.8156. Wednesday's high at 2.6969 is
now acting as support with a break needed to stabilise the outlook and re-test
the Jan 31 low at 2.6168.

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.