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Forex Flash: 10-year US treasuries trading near resistance – RBS

We continue to see a 1.70% to 2.13% range in 10-year Treasuries. According to the RBS Research Team, “The key support remains 2.13% in 10-year treasuries while near term resistance is 1.80%; a break through here should see extension to 1.70%. Moreover, momentum measures are mixed – suggesting that the range trade will continue.”

Treasuries have staged a modest rebound as European markets fully recover (and then some) the post-payrolls losses. European spreads are largely unchanged but a Dutch sale of 3's went well as did auctions in peripheral Bill markets.

Asian stock markets were lower, European exchanges are mixed and S&P futures are showing -2.1pts here at 7am. Better buying out of Asia this morning but overall overnight flows were deemed light again. Asia bought 10yrs, there was central bank buying in 3yrs once again and seeing extensions from the front end out to 5yrs. Overall, the total Treasury inter-dealer broker volume was 83% of the 10-day average.

Euro: Another day, the same range

Even though the euro rallied at the beginning of the New York session, breaking above yesterday's highs, it quickly lost impetus and surrendered most gains. The lack of major events or indicators has left EUR/USD adrift, encased in a comfort area around 1.3000.
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Forex Flash: SNB still far from remove EUR/CHF peg - RBS

The Swiss National bank is scheduled to publish a new release of its monetary policy on March 14. With the EUR/CHF trading at 1.2330 and after 15 months from the SNB's decision to set the 1.2000 as floor, there is no expectations about the bank changing its bias.
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