Free Trial

10-YEAR YIELD TECHS: Falters Above 3.20 *RES.....>

US
US: 10-YEAR YIELD TECHS: Falters Above 3.20
*RES 4: 3.6132 High April 2011
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.2594 High Oct 9
*RES 1: 3.3255 Channel top
*PRICE: 3.1767 @ 16:36 GMT, Oct 18
*SUP 1: 3.1283/61 21-dma/May 18 high, now support
*SUP 2: 3.1519 Channel base/23.6% 2.8063-3.2594
*SUP 3: 3.0139 Aug 1 high, now support
*SUP 4: 2.9794 61.8% 2.8063-3.2594
The break back above 3.20 was short-lived following the FOMC Minutes, with bonds
rallying alongside souring equities in the Thursday session. This keeps the
focus on the channel base at 3.1519 and the Aug 1 high, turned support below at
3.0139. For the upside to wrest control, a more consistent move toward the
channel top at 3.3255 & Apr 5 2011 low at 3.3956 will be required.

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.