Free Trial

10-YEAR YIELD TECHS: Consolidates Above 2.50.....>

US
US: 10-YEAR YIELD TECHS: Consolidates Above 2.50
*RES 4: 2.5782      Mar 15 low
*RES 3: 2.5676      50% retracement 2.7698-2.3384
*RES 2: 2.5412/23   Jan 4 low/Mar 21 high
*RES 1: 2.5223      Intraday high
*PRICE: 2.5187      @ 09:47 GMT, Apr 3
*SUP 1: 2.4670/50   Series of prev lows Apr 2-3
*SUP 2: 2.4303/4227 50% fibo 2.3384-2.5223/Apr 1 low
*SUP 3: 2.3384      Mar 28 low
*SUP 4: 2.2887      50% retracement of 1.3180-3.2594
Improved risk appetite has seen 10-Yr yields extend the recovery back above
2.52. The next upside target is the Jan 4 low/March 21 high at 2.5412/23, above
here would allow a run at the 50% retracement level & March 15 low at
2.5676/5782. Downside focus turns to 2.4670/50 which has registered a series of
previous lows, a break here brings the 50% retracement & Apr 1 low back into
view at 2.4303/4227.

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.