Angela Mangan

The US 10 year bond yield closed last night right on key technical resistance located at 1.93%. Although the US bond yield spiked above this barrier during intra-session trading, it did not sustain the break on a closing basis. A close above the 1.93% barrier if it occurs, would generate an upward reversal, and indicate the potential for a further increase to 2.11% (which is the location of the next major technical barrier).


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