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10-YEAR YIELD TECHS: Positive Trend Signals......>

US
US: 10-YEAR YIELD TECHS: Positive Trend Signals Defied... For Now
*RES 3: 2.9430 200-dma
*RES 2: 2.9003/2.9167 50% 3.2594-2.5412/Dec 13 2018 high
*RES 1: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*PRICE: 2.7223 @ 16:06 GMT, Jan 29
*SUP 1: 2.7107 21-dma
*SUP 2: 2.6991/2.6691 38.2%/50% 2.5412-2.7968
*SUP 3: 2.5412/2.5206 Jan 4 low/Jan 16 2018 low
Intraday trend indicators remain set to generate fresh positive yield signals,
but bears clearly held the cards Tuesday as yields retreated back toward 2.70. A
recovery of upside momentum for yields would suggest a retest of resistance in
the 2.7638/2.7768 area. Any move above here would be consistent with a final leg
higher within the current corrective pattern, taking yields towards the 50-dma
at 2.8367, ahead of the 50% retracement level of the decline from the November
peak at 2.8948. Key yield support is at 2.6991.

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