UST 2-Yr Unfilled Gap at 92bps Exposed Ahead of Yellen, U.S Data
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Daily chart on U.S. 2-year yield shows the post-Veteran day gap higher is susceptible to covering as the rate flirts with 1%, near a 10-month high, ahead of Yellen testimony and U.S. CPI data, Bloomberg technical analyst Sejul Gokal writes.
Alert: HALISTER1- See LIVE chart here
- Yield up 30bps since U.S. election day low; a Fed rate hike next month being priced as 94% probable, according to implied yields on Fed fund futures
- Resistance at 95bps, 92-91bps, 87bps and 85bps
- Support at 102bps, 105-107bps, 110bps
- 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