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10-YEAR YIELD TECHS: Focus Remains Lower *RES....>

US
US: 10-YEAR YIELD TECHS: Focus Remains Lower
*RES 4: 2.7658 Mar 1 high
*RES 3: 2.7459/77 Dec 20-Dec 19 lows, now resistance
*RES 2: 2.7187/88 Mar 6 high/61.8% 2.7968-2.5926
*RES 1: 2.6717/6831 Mar 12 high/50-dma
*PRICE: 2.5925 @ 10:21 GMT, Mar 19
*SUP 1: 2.5883 First Pivot Support
*SUP 2: 2.5412 Jan 4 ytd low
*SUP 3: 2.5007 Dec 21 2017 high
*SUP 4: 2.4320 Triangle breakout target
Monday trade was uneventful, with US 10y yields trading wholly inside the Friday
range, keeping the onus on a move lower for now. Support at 2.5782 sits just
below the first pivot at 2.5883 and a break below here would see yield bears
turn focus to the YTD low printed Jan4 at 2.5412. Topside focus remains on a
break of the Mar 12 high & 50-dma at 2.6717/6831, above here opens the 61.8%
retracement level at 2.7188.

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