The expectation is for further upside in US 10 year bond yields
QMG Pty Ltd
The expectation is for further upside in US 10 year bond yields. A Technical Alert was provided to QMG clients last Thursday (5/3/15) highlighting that the US 10 year bond yield was approaching key resistance located at 2.14%, and flagged that an upside break above this barrier would indicate the potential for further significant upside. The upside technical break above the 2.14% level occurred on Friday night (closing at 2.24%). The minimum upside technical target / major subsequent resistance is now located at 2.40%.
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.