Free Trial

10-YR YIELD TECHS: Double Daily Top, 2.741.......>

US
US: 10-YR YIELD TECHS: Double Daily Top, 2.741 Support Key
*RES 4: 3.073 - Low July 6 2011 now resistance 
*RES 3: 3.041 - 2014 High Jan 2 
*RES 2: 2.912 - High Jan 15 2014 
*RES 1: 2.885 - 2018 High Feb 6
*PRICE: 2.833 @ 0310GMT
*SUP 1: 2.807 - High Feb 6 now support 
*SUP 2: 2.741 - Hourly support Feb 6 
*SUP 3: 2.692 - 21-DMA 
*SUP 4: 2.691 - Hourly support Feb 6a
*COMMENTARY: Bulls take comfort in the recovery from the sell-off with the yield
recovering from around the 21-DMA this week to retain pressure on 2018 highs.
Immediate focus has returned to 2.885-912 with overall focus on 2014 highs.
Bears need a close below 2.741 to confirm an easing of bullish pressure and to
shift initial focus back to 2.691-692 where the 21-DMA is located. O/B daily
studies looking to correct remain the key concern for bulls.

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.