Free Trial

YIELD TECHS: Key Resistance Holds For...>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Key Resistance Holds For Now
*RES 4: 2.6717 High Mar 12 
*RES 3: 2.6410 50% 2.7968-2.4852 
*RES 2: 2.5979 55-dma 
*RES 1: 2.5654/5723/5782 Downtrend resistance from Nov high/High Apr 15/Low Mar
15
*PRICE: 2.5471 @ 05:47 GMT, Apr 16 
*SUP 1: 2.4613 Low Apr 10 
*SUP 2: 2.3891 Low March 29 
*SUP 3: 2.3384 Low March 28 
*SUP 4: 2.2887 50% retracement of 1.3180-3.2594 
10-Yr yields sit just below key resistance marking the down trendline from the
Nov high as well as the March 15 low. A break above here would likely trigger
fresh upward momentum towards the 55-dma at 2.5979 ahead of the 50% retracement
at 2.6410. To regain the upper hand bears need to take out Wednesday's low at
2.4613 which would open the March 29 low at 2.3891.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });