Failed to hold support of 2.10%
The near-term trend is down and the intermediate trend is sideways.
The reversal of roles is an important concept in technical analysis. 2.1% was support on the last chart analysis: this level is now resistance.
Reference the last chart analysis of the U.S. Treasury 10-Year posted on March 30, 2012 showing the failure to break resistance of 2.40%.
Relevant articles picked from the Web:
- Treasury yields rise from near 3-month low — FP — May 1, 2012
- Treasury 10-year yield below 2% on European debt crisis — Financial Post — April 18, 2012
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