Tuesday, February 4, 2014

Chartology: Citi on the 10-year Yield

Following up on "Interest Rates Are Still Heading Lower".
From ZeroHedge:

... US 10 year yield – closed below the 200 day moving average

The close below the 200 day moving average opens the way for a move to the double top neckline at 2.47%
Decent support levels come in just below there at 2.39%-2.41% which would have to be watched on a weekly close basis before confirming any medium term break (and in conjunction with US 30 year yields)
For now a test of 2.47% is expected in the short term...
ZH has more of Citi's FX team's technicals.