Free Trial

10-YR YIELD TECHS: Above 2.957 To Target 3.041...>

US: 10-YR YIELD TECHS: Above 2.957 To Target 3.041
*RES 4: 3.041 - 2014 High Jan 2 
*RES 3: 2.957 - 2018 High Feb 21 
*RES 2: 2.939 - Bollinger band top 
*RES 1: 2.925 - High Feb 27
*PRICE: 2.903 @ 0320GMT
*SUP 1: 2.868 - Low Mar 9 
*SUP 2: 2.842 - Low Mar 7 
*SUP 3: 2.810 - Low Mar 5 
*SUP 4: 2.793 - Low Mar 2
*COMMENTARY: The lack of topside follow through on 2018 & 4yr highs was less
than ideal for bulls who were focused on 3.041 2014. Bears have so far failed to
capitalise on the recent sell-off with the yield bouncing from ahead of key
supports. Bears look for a close below 2.758 to end bullish hopes and shift
focus back to 2.609-704 where the 55-DMA is noted. Bulls still need a close
above 2.957 to reconfirm focus on 3.041.

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.