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10s To Fresh '24 Lows, Death Cross On Verge Of Forming

US TSYS

The post-data firming in Tsys stalls, with TY bulls failing to test initial resistance in the form of the Jan 12 high (112-26+) for now. Highs of 112-25+ have been seen thus far. 10-Year yields have moved to fresh ’24 lows of 3.8859%, with some pointing to the potential formation of a death cross in that benchmark (50-DMA crossing below 200-DMA). That technical pattern will be formed if 10s manage to close around current levels.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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