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15 Apr 2015
US 2-year treasury yields trying to turn bullish – RBS
FXStreet (Barcelona) - William O'Donnell, Head of US Treasury Strategy at RBS, shares the technical outlook and key levels for US treasuries.
Key Quotes
“2s (0.508%)- Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum trying to turn bullish again.”
“5s (1.33%)- Next support sits at 1.46% and then stronger support comes in at 1.70% and just above. Next resistance begins at ~1.30% and extends down to major resistance at 1.15%. Daily momentum is now mixed and aimless.”
“10s (1.89%)-Next resistance comes in some congestion in and around 1.80% then the low yields of 1.64%. Next support comes in ~2.20% with major support at 2.40% after that. Daily momentum looking a bit more mixed, aimless.”
“30s (2.54%)- Bonds have nearby support ~2.85% and then better support up near 3.10%. Next resistance around 2.40%. Daily momentum is now mixed and signal-less.”
Key Quotes
“2s (0.508%)- Next major support doesn't emerge until ~0.80% where we found buyers back in the spring of 2011. Resistance seen at 0.40% where we'd close a gap left behind in late October. Daily momentum trying to turn bullish again.”
“5s (1.33%)- Next support sits at 1.46% and then stronger support comes in at 1.70% and just above. Next resistance begins at ~1.30% and extends down to major resistance at 1.15%. Daily momentum is now mixed and aimless.”
“10s (1.89%)-Next resistance comes in some congestion in and around 1.80% then the low yields of 1.64%. Next support comes in ~2.20% with major support at 2.40% after that. Daily momentum looking a bit more mixed, aimless.”
“30s (2.54%)- Bonds have nearby support ~2.85% and then better support up near 3.10%. Next resistance around 2.40%. Daily momentum is now mixed and signal-less.”