22 February 2010

US10YY : Watch 3.89%

  • Closer look at US10YY after interest piqued in US 2s/10s steepener.
  • On monthly and weekly charts, 3.89% or thereabouts is key overhead yield resistance. If this gets taken out, perhaps one should short the TY outright and forget about the steepener. Also, to hell with the negative carry. 
  • Now at 3.79%.

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