Free Trial

10-YEAR YIELD TECHS: Stand Pat *RES 3: 3.0141....>

US
US: 10-YEAR YIELD TECHS: Stand Pat
*RES 3: 3.0141 100-dma
*RES 2: 2.9562 200-dma
*RES 1: 2.9228 50% of Dec range 3.0479-2.7978
*PRICE: 2.8138 @ 16:06 GMT, Dec 19
*SUP 1: 2.7978 Intraday low
*SUP 2: 2.7838 38.2% 2.0144-3.2594
*SUP 3: 2.7594 Low May 30
US 10-year yields entered a holding pattern Wednesday ahead of the key FOMC rate
decision despite briefly dipping below the 2.8 level in the Asia-Pac session.
Yield bears continue to look for a close below this mark to build momentum to
the downside and further damage the longer term uptrend. The May 30 low provides
the next layer of support at 2.7598, ahead of the Apr 2 low at 2.7153. Bulls
need to recover the 50% retracement level of Dec range to improve the short-term
outlook. A break of the 200-dma would reignite the uptrend opening a run at the
3.0 level and 100-dma at 3.0141.

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.