Free Trial

10-YR YIELD TECHS: 2.284 Support Key *RES 4:.....>

US: 10-YR YIELD TECHS: 2.284 Support Key
*RES 4: 2.437 - High Mar 23 
*RES 3: 2.423 - Monthly High Aug May 11 
*RES 2: 2.402 - High Oct 6 
*RES 1: 2.372 - Hourly resistance Oct 6
*PRICE: 2.368 @ 0140GMT
*SUP 1: 2.344 - Hourly support Oct 5 
*SUP 2: 2.319 - Low Oct 5 
*SUP 3: 2.296 - Low Sept 29 
*SUP 4: 2.284 - Hourly support Sept 27a
*COMMENTARY: Dips attracted bids last week resulting in fresh 7mth highs
although the lack of topside follow through and rejection ahead of 2.437 is less
than ideal. Bulls look for a close above 2.437 to return overall focus to 2017
highs. Resistance layers starting to build is a concern. Bears look for a close
below 2.319 to confirm a break of the 200-DMA (2.320) and below 2.284 to confirm
an easing of bullish pressure & shift focus to 2.208-2.245.

To read the full story



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.