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Technical Resistance For 10-Year Yields Still Not Breached

US TSYS

10-Year Tsy yields failed to break above the previously flagged 50% retracement of the move from the '18 high to the '20 low (located at 1.7866%). The input from the fiscal impulse may have been met by the touted quarter end rebalancing out of equities and into bonds on Tuesday, preventing bears from really testing the aforementioned technical level.


Fig. 1: U.S. 10-Year Treasury Yield (%)

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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