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(M9) Equity Sell Off...........>

US 10YR FUTURE TECHS: (M9) Equity Sell Off Resumes, Boosting Bonds
*RES 3: 125-26+ 50% 134-07+-117-13+
*RES 2: 124-31 Mar 27 high
*RES 1: 124-08+/13 May 9 high/76.4% retracement
*PRICE: 124-06+ @ 16:07 GMT, May 10
*SUP 1: 122-18 100-dma
*SUP 2: 122-02/121-02 38.2% 117-13+-124-31/Jan 18 low
*SUP 3: 120-28+/04+ 200-dma/Dec 12-13 lows
Treasuries inched back toward the week's best levels Friday, with the sell-off
in equity space resuming, providing some decent support for US bonds. The
monthly highs of 124-08+ printed Thursday become the first target and a break
above here opens 124-13, marking the 76.4% retracement of 124-31-122-20+.
Consolidation above would cement the uptrend, opening a run at the ytd Mar 27
high at 124-31. Bears need to clear the 50-dma at 123-10+ to change the outlook,
opening the May 3 low & Apr 17 low at 122-30/20+.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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