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10Y Yield Breaks (Back) Above 3% Level

CZECHIA
  • Czech 10Y yield has been trending higher in the past week after finding support at 2.93%, which corresponds to the 38.2% Fibo retracement of the 2.3840% - 3.2630% and its 50DMA.
  • The 10Y yield broke back above the 3% level during yesterday’s trading session; next ST resistance to watch on the topside stands at 3.0550% (23.6% Fibo), followed by 3.2%.
  • On the downside, first support to watch below 2.93% stands at 2.82%.

Source: Bloomberg/MNI

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