FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, “On the heels of the Spanish regional elections over the weekend, the Spanish 10-year yields broke out of the range support forming a bear wedge pattern on the yield chart, suggesting that the debt might extend rally to 5.20% and 4.88% yield levels.”
“This view is supported by momentum oscillators, which remain bullish. A sustained return above 5.50% would be a primary caveat, suggesting resumption of the range of 5.50% - 6.00%.” Bondar notes.
“This view is supported by momentum oscillators, which remain bullish. A sustained return above 5.50% would be a primary caveat, suggesting resumption of the range of 5.50% - 6.00%.” Bondar notes.
