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16 Mar 2015
US 10-yr treasuries: short to 2.30% onto 2.52% - RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, gives the technical outlook for US-10 yr treasuries, suggesting to use any pullbacks towards the trendline as shorting opportunities for 2.30%.
Key Quotes
“The market has broken the trendline, implying yield downside is limited from here: it is deemed unlikely that the yield would re-visit the area below 2.00% and hence we see any pull-backs towards the trendline as selling opportunities for 2.30% and 2.52%.”
“Our long-term view is the same: 1.61/1.78% yield was considered to be a base and 3.00% targeted for the end of 2015.”
“Price-wise 127-19+ is a key resistance, where we see a selling area, looking for a pull-back to 124-30. Stop is a break above 128-05.”
Key Quotes
“The market has broken the trendline, implying yield downside is limited from here: it is deemed unlikely that the yield would re-visit the area below 2.00% and hence we see any pull-backs towards the trendline as selling opportunities for 2.30% and 2.52%.”
“Our long-term view is the same: 1.61/1.78% yield was considered to be a base and 3.00% targeted for the end of 2015.”
“Price-wise 127-19+ is a key resistance, where we see a selling area, looking for a pull-back to 124-30. Stop is a break above 128-05.”