(M9) Multi-year highs *RES.....>

US 10YR FUTURE TECHS: (M9) Multi-year highs

*RES 3: 127-26+ 61.8% 134-07+-117-13+

*RES 2: 127-00+ Sep 12 2017 high

*RES 1: 126-11 Intraday/Multi-year high

*PRICE: 126-00+ @ 16:27 GMT, May 31

*SUP 1: 125-06+ May 30 low

*SUP 2: 124-01/123-31 May 21 low/50-dma

*SUP 3: 123-00+/30 100-dma/May 3 low

Another leg lower for global equity markets kept Treasury futures on the front

foot Friday, with the 10y contract hitting fresh contract (and multi-year) highs

at 126-11. The underlying tone holds firm with next resistance seen from the Sep

12 2017 high at 127-00+, above here would see bulls focus on the 61.8%

retracement level at 127-26+. Initial downside support comes in today at

125-06+, with a break here needed to stabilise the outlook and bring the May 21

low & 50-dma back into view at 124-01/123-31.