Free Trial

10-YR YIELD TECHS: Above 2.477 Targets 2017......>

US
US: 10-YR YIELD TECHS: Above 2.477 Targets 2017 High
*RES 4: 2.628 - 2017 High Mar 13 
*RES 3: 2.544 - High Mar 17 
*RES 2: 2.536 - Weekly Bear channel top (Off 2014 high) 
*RES 1: 2.477 - Monthly High Oct 27
*PRICE: 2.450 @ 0530GMT
*SUP 1: 2.443 - Hourly support Dec 19 
*SUP 2: 2.423 - Hourly support Dec 19a 
*SUP 3: 2.401 - Hourly resistance Dec 19 now support 
*SUP 4: 2.380 - High Dec 15 now support
*COMMENTARY: Pressure on the channel base failed to produce a break lower with
the correction higher seeing immediate pressure back on 2.477 Oct highs. Bulls
need a close above this level to confirm overall focus on tests of 2017 highs.
Daily studies are well placed for further topside. Layers of support building
add support to the bullish case. Bears now look for a close below 2.423 to ease
immediate bullish pressure.

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.