Monitor the resistance level of 1.70% and then 1.80%
U.S. Treasury 10-Year Note 3 Year Chart
Has a negative technical profile as indicated by the major trend which is sideways and intermediate trend which is down.
The yield would have to move above the resistance levels of 1.70% and 1.80% if the near-term rally in U.S. equities is to continue. This represents the movement of capital from the relative safety of the U.S. Treasury to U.S. equities. A sustained advance of the 10-Year yield to the 2.40% level would indicate the upward movement in commodity based indexes like Canada, Australia and Brazil as investors take on more risk.
Reference the last chart analysis of the U.S Treasury 10-Year Note based on the daily chart.
Relevant articles picked from the Web:
- Canada’s 10-year government yield sets record low — Globe — July 16, 2012
- U.S. Treasury yields hit one-week low — FP — June 19, 2012
- Treasurys gain on worries after Spain bailout — MarketWatch — June 11, 2012
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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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