UST 10Y Yield Closing in on 2.64% Fibonacci Resistance: Charts
(Bloomberg) -- UST 10Y yield approaching the 2.64% hurdle, the last Fibonacci defense of 2014-2016 rally in Treasuries.
- See LIVE chart
- UST yield +6bps to 2.63%
- 2.62%-2.66% also represents a high activity zone, according to price distribution bar analysis; this could help slow the surge in yields as demand may kick in within this area
- Above here, resistance at 2.69%, July 2014 high
- NOTE: Sejul Gokal is an technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
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