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10-Year Yields Near Cycle Highs

US TSYS

The previously flagged round of pressure has taken 10-Year yields to within touching distance of the recent cycle highs, last printing at ~1.742%. The March 18 high resides at 1.7526%. A break would allow bond bears to switch focus to the nearby 50% retracement of the move from the '18 high to the '20 low, located at 1.7866%.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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