My observations on financial markets
Monday, April 11, 2011
US 10-year Treasury Yield Pushing Higher
We notice the bounce in bond yield form the 20 and 50 EMAs back above the 200 SMA in the weekly chart above.
The daily chart below shows the break above 61.8% Fib level up trending towards latest February high. Both charts are bullish and could target the 4% strong resistance area.
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