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CitiFX technicals strategists......>

US TSYS/RESEARCH
US TSYS/RESEARCH: CitiFX technicals strategists said on US Treasuries that "the
price or yield action, levels, and the emerging setup on US 10Y yield cannot go
unnoticed, especially as US data starts to beat expectations."
- They add that such indications "all point towards higher yields. Important
levels to be watched are: very short term: 2.28%, interim: 2.33% and pivotal:
2.40%."
- They added there are also "early signs that we could be setting up for a move
back to the trend highs again i.e. above 2.60%. Interesting that such
indications arise when the DXY Index also starts to look better after holding
supports in the 92.00 area over the past 2 weeks."

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