10-YEAR YIELD TECHS: More Balanced, But..........>

US: 10-YEAR YIELD TECHS: More Balanced, But Downside Pressure Remains

*RES 3: 3.0414 50% 3.2594-2.8234

*RES 2: 3.0180 100-dma

*RES 1: 2.9560 200-dma

*PRICE: 2.8520 @ 16:07 GMT, Dec 11

*SUP 1: 2.8234 Dec 10 low

*SUP 2: 2.8063 Aug 22 low, top bottom target

*SUP 3: 2.7838 38.2% 2.0144-3.2594

Yields crept higher across the curve in early Tuesday trading, setting up prices

for a test of the recent highs up at 2.9190, but lack of follow prompted a

pullback to the middle of the recent range. Bulls look to clear the 200-dma at

2.9560 to change the short-term outlook. A break back above 3.00 opens the

100-dma at 3.0180, ahead of the 50% retracement & 50-dma at 3.0414/3.0991. A

downside break of 2.8230 opens a deeper correction toward the Aug 22 low at

2.8063.