CORRECT: UST 2/10 Curve Breaks Narrowing Trendline From 2014
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- (Corrects lead to say curve steepening.) UST 2s10s spread widens to levels not seen since February as curve steepening gathers momentum; spread breaks tightening trendline in place since January 2014, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See live chart; UST 2s10s now +8bps to 108bps
- Move exposes 119bps hurdle, the 23.6% Fibonacci of 2014-2016 spread narrowing phase
- Next resistance at 123-126bps (which includes the 100-wk MA) and then 138bps
- Investors assess what a Trump presidency will mean for U.S. fiscal and monetary policy
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- NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
Source: BFW (Bloomberg First Word)
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UUID: 7947283