UST 2/10 Curve Erases 50% of 2015-2016 Flattening Move: Charts
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- UST 2s10s spread widens to 126bps, the 50% retracement line of the 178bps-73bps spread narrowing phase registered from July 2015 to July 2016; flattening below here may be short-lived, 138bps targeted near-term, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See live chart; UST 2s10s now +1bps to 125bps
- Next resistance at 135-138bps (weekly cloud top, 61.8% Fibonacci)
- NOTE: Nov. 9, UST 2/10 Curve Breaks Narrowing Trendline From 2014
- 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