Free Trial

YIELD TECHS: Upside Potential *RES 4:...>

US TSYS/10Y
US TSYS/10Y: YIELD TECHS: Upside Potential
*RES 4: 2.5739 High May 3 
*RES 3: 2.5187 55-dma 
*RES 2: 2.4887 High May 8 
*RES 1: 2.4139 High May 16 
*PRICE: 2.4033 @ 02:20 GMT May 20
*SUP 1: 2.3521 Low May 16 
*SUP 2: 2.3384 Low March 28 
*SUP 3: 2.3000 Support 
*SUP 4: 2.2430 Channel bottom 
US yields are back above 2.40 as upside potential is rising following the
failure of bears to extend the downtrend on Friday. A break above Thursday's
high at 2.4139 would open the May 8 high at 2.4882 ahead of the 55-dma. Bears
look to take out the May 16 low at 2.3521 to bring the focus back to the March
28 ytd low at 2.3384. Below here would open a run at the 2.30 handle.

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' }); });