Forex Flash: 10-year US treasury profile – RBS

FXstreet.com (Barcelona) - The market continues to see a 1.72% to 2.15% range in 10-year US Treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is 1.83% - our bias remains to modestly lower yields in the near-term because positioning is favorable (short) and medium-term charts are turning bullish for the first time since early December.”

Treasuries are opening the month of April sharply unchanged as the UK and much of Europe are closed for Easter Monday. Moreover, the Euro has begun the new quarter weaker and just a hair away from the 4-month low touched on Wednesday of last week. The range in 10-years during Asian hours was 101-3+ to 101-07+. Total Treasury inter-dealer broker volume was a mere 17% of the 10-day average through this morning.