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

US
US: 10-YEAR YIELD TECHS: Focus Remains Lower
*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: 2.6717/6816 Mar 12 high/50-dma
*PRICE: 2.5961 @ 10:13 GMT, Mar 20
*SUP 1: 2.5901 First Pivot Support
*SUP 2: 2.5412 Jan 4 ytd low
*SUP 3: 2.5007 Dec 21 2017 high
Wednesday trade so far marks the fourth consecutive session of higher lows,
indicating bears may have a tough time pushing yields materially lower absent a
major market gyration. This keeps support at the Mar15 low of 2.5782 the first
downside target. This sits just below the first pivot support at 2.5901 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
2.6717/6816, above here opens the 61.8% retracement level at 2.7188.

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