US 10Y yields point to some consolidation around 1.28% - Commerzbank
|Karen Jones, Team Head FICC Technical Analysis Research, and Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, assess the performance of the US 10Y yields.
Key Quotes
“The US 10Y yield dropped to the February 10 low at 1.12 before bouncing off it last week.”
“Since this fall was accompanied by positive divergence on the daily RSI we expect further consolidation around the 200 day moving average at 1.28 to unfold over the coming days.”
“While resistance at 1.43/46 (the May low and mid-July high) caps, however, overall downside pressure should retain the upper hand.”
“Below the recent low at 1.12 lies major psychological support, the 61.8% Fibonacci retracement and the late January low at 1.00/0.99.”
“Minor resistance above 1.43/46 sits between the April low and the late June high at 1.52/55.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.