Free Trial

10-YR YIELD TECHS: 2.873-950 Resistance Key......>

US
US: 10-YR YIELD TECHS: 2.873-950 Resistance Key This Week
*RES 4: 2.965 - Hourly support June 13 now resistance 
*RES 3: 2.950 - High June 21 
*RES 2: 2.935 - Hourly resistance June 21 
*RES 1: 2.900 - High June 26
*PRICE: 2.869 @ 0330GMT
*SUP 1: 2.855 - Hourly support July 2 
*SUP 2: 2.821 - Hourly support May 30 
*SUP 3: 2.790 - Hourly support May 30a 
*SUP 4: 2.759 - Low May 29
*COMMENTARY: Topside failures around 2.950 saw pressure return to the 2.853
support resulting in a close below Wednesday seeing bears focused on 2.717-759
where Apr & May lows are noted. The Bollinger base (2.825) is the key concern
for bears and currently supports. Bulls continue to look for a close above 2.873
to gain breathing room and above 2.950 to pressure the key 3.014-050 resistance
region.

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.