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YIELD TECHS: Bears Look For A Close.....>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Bears Look For A Close Below 2.40%
*RES 4: 2.6410 50% retracement of 2.7968-2.4852 
*RES 3: 2.6121 High Apr 17 
*RES 2: 2.5739/5411 High May 3/55-dma 
*RES 1: 2.4887 High May 8 
*PRICE: 2.4157 @ 06:27 GMT May 14 
*SUP 1: 2.3870 Low May 13 
*SUP 2: 2.3891 Low March 29 
*SUP 3: 2.3000 Support
*SUP 4: 2.2500 Channel bottom
US yields broke below 2.40 yesterday amid downside pressure from equities but
managed to close above the handle marginally. A close below here would extend
the downtrend to the March 28 ytd low at 2.3384. Below here would open a run at
the 2.30 handle. To regain the upper hand bulls need to recover Wednesday's high
at 2.4887 and the 55-dma/May 3 high at 2.5411/5739. Above here would open the
April 17 high at 2.6121.

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