Technicals Signal UST Rally Will Continue, BofA Says
Source: BFW (Bloomberg First Word)
People
Paul Ciana (Bank of America Corp)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- In UST futures, FV and TY contracts broke resistance this week, “forming technical bottoms,” and cash 5Y yield formed top, suggesting it has scope to 1.50%, BofA technical strategist Paul Ciana says in note.
Alert: HALISTER1- FV and TY contracts traded above levels that had contained them since late November
- 5Y yield’s close below 1.84% on Feb. 8 “broke the neckline of the top pattern,” suggesting it will decline to at least 1.71%, more likely 1.65%, with possible scope to 1.50%
Source: BFW (Bloomberg First Word)
People
Paul Ciana (Bank of America Corp)
To de-activate this alert, click here
UUID: 7947283