Institutional Insights: CitiFX Techs - US Yields: Close To A Break
Institutional Insights: CitiFX Techs - US Yields: Close To A Break
According to CitiFX Techs 'US yields are testing important short-term support levels, with a break potentially leading to significant moves lower in yields: around 28bps for 2-year yields and 18bps for 10-year yields. Short-term support and resistance levels to watch for US 2-year yields are at 4.40% (March 2024 low) after breaking below the 4.55% support (March 27 low). A break below this level on a weekly basis would open up a move lower towards 4.12% (2024 low). On the flipside, initial resistance will be seen at 4.55% (March 27th high). Keep a close eye on any crossover from 'oversold' territory in the weekly slow stochastics. This was indicative of a reversal earlier in the year'
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.
Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!