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Uptrend Channel In 10-Year Yields Broken, Shifting Focus Higher

US TSYS

Thursday’s move higher in yields saw fresh cycle highs for all of the major U.S. Tsy benchmark yield metrics, as the 10-Year Tsy yield broke decisively through the upper end of the upward sloping channel that we have identified on several occasions. Consolidation above allows Tsy bears to switch focus to the ’11 high at (3.7760%). A move beyond that level would expose the psychological 4.00% area, as well as the double top from ‘09/’10, which resides just above the round number.


Fig. 1: U.S. 10-Year Tsy 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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