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