Treasury Yields Search Support
Yields on the US 10-Year seem to have broken the January uptrend, threatening another test of key support at 4.26/32 - a region defined by the 52-week moving average, the 1998 low-close, and the 61.8% retracement of he 2000 Decline. Look for a larger reaction there IF reached with a break / close below needed to suggest a larger reversal is underway here.
Resistance now eyed at the yearly high-week close (HWC) at 4.66 with a breach / weekly close above 4.75/83 ultimately needed to mark uptrend resumption.
Michael Boutros
MBForex
Resistance now eyed at the yearly high-week close (HWC) at 4.66 with a breach / weekly close above 4.75/83 ultimately needed to mark uptrend resumption.
Michael Boutros
MBForex
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