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Fitch Affirms Ecuador at B-, Outlook Stable


30YY At 4-Wk Highs, Yield Curves Bear Steepen

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(M18) Focus Returns To.........>

US 10YR FUTURE TECHS: (M18) Focus Returns To 119-14/26+
*RES 4: 120-23  High Mar 1
*RES 3: 120-20  Bollinger band top
*RES 2: 120-16  High Mar 19
*RES 1: 120-05  Hourly support Mar 20 now resistance
*PRICE: 120-02 @ 0310GMT
*SUP 1: 119-26+ Lows Mar 6 & 9
*SUP 2: 119-21  Repeated Daily lows Feb, Bollinger base
*SUP 3: 119-14  Monthly Low Feb 15
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Lower daily lows and highs leave the contract looking heavy with
bears taking comfort from the close below the 21-DMA (120-05+) and focus having
returned to 119-14/26+. Bears now look for a close below 119-14 to initially
target 118-24 last seen in Apr 2011. Bulls now need a close above 120-16 to ease
bearish pressure. Overall a close above the 121-01+ is now needed to end bearish
hopes and initially target 122-02.

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