Free Trial

10-YEAR YIELD TECHS: Trendline Resistance........>

US
US: 10-YEAR YIELD TECHS: Trendline Resistance Remains Key
*RES 3: 2.7968/2.8156 Jan 18 high/38.2% of 3.2594-2.5412
*RES 2: 2.7248/2.7378 50-dma/Feb 5 high
*RES 1: 2.6915 Down trendline res off Jan 23 high
*PRICE: 2.6536 @ 15:31 GMT, Feb 22
*SUP 1: 2.6168 Jan 31 low
*SUP 2: 2.5412 Jan 4 YTD low
*SUP 3: 2.5206 Jan 16 2018 low
10-year yields are failed to break above down trendline resistance from the Jan
18 high at 2.6915, with a break of the Feb 13 high at 2.7129 needed to suggest a
trend change. The reversion back to the week's opening levels keeps the
short-term outlook neutral for now. A rally through the resistance line would
bring the Jan 18 high at 2.7968 into play. Downside focus remains on the Jan 31
low at 2.6168, a break below here is needed to open a run at the Jan 4 ytd low
at 2.5412.

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.