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10-YR YIELD TECHS: 2.859 Resistance Key This.....>

US: 10-YR YIELD TECHS: 2.859 Resistance Key This Week
*RES 4: 2.936 - High Feb 21 
*RES 3: 2.889 - High Mar 22 
*RES 2: 2.859 - High Mar 27 
*RES 1: 2.838 - High Apr 5
*PRICE: 2.808 @ 0330GMT
*SUP 1: 2.768 - Low Apr 6 
*SUP 2: 2.748 - Low Apr 4 
*SUP 3: 2.717 - Low Apr 2 
*SUP 4: 2.648 - Monthly Low Feb 6
*COMMENTARY: The yield continues to trade below 21 (2.817) & 55 (2.817) DMAs,
although follow through has been lacking, with bears now needing a close below
2.768 to add weight to the case for a test of 2.609-648 where the 100-DMA
(2.641) is found. The 2.859 resistance remains key this week. Bulls need a close
above to shift initial focus to tests of 2018 highs. Correcting O/S studies
remain a concern for bears.

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