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Free AccessYIELD TECHS: Recovery Efforts Capped....>
US TSYS/10Y: YIELD TECHS: Recovery Efforts Capped At 2.50%
*RES 4: 2.6717 Mar 12 high
*RES 3: 2.6410 50% 2.7968-2.4852
*RES 2: 2.5782 Mar 15 low
*RES 1: 2.5412/23 Jan 4 low/Mar 21 high
*PRICE: 2.4741 @ 07:00 GMT, Apr 2
*SUP 1: 2.3384 March 28 low
*SUP 2: 2.2887 50% retracement of 1.3180-3.2594
*SUP 3: 2.0596 61.8% retracement of 1.3180-3.2594
*SUP 4: 2.0144 Low Sep 8 2016
10-Yr yields extended their recovery briefly through the 2.50 level yesterday
before giving back some gains. Bulls look for a close above here to open the Jan
4 low/March 21 high at 2.5412/23 to build on recent momentum. Above here would
allow a run at the March 15 low at 2.5782. Bears' focus remains on the March 28
low at 2.3384 with a break extending the broader yield downtrend.
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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.