OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: 10-year US treasuries in focus surrounding Cypriot finality – RBS

FXstreet.com (Barcelona) - We continue to see a 1.70% to 2.13% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains at 2.13% for 10-years, while near-term support is 1.80% - a break through here should see extension to 1.70%. Moreover, momentum measures are looking better for bonds with short-term work now bullish and intermediate term studies (weeklies) oversold and trying to turn bullishly as well.”

Treasuries higher following the Cypriot vote as deposit taxes underpins bonds prices. Our overnight Treasury flows saw very light flows as Yen-based investors prepped for a day off tomorrow. Total Treasury inter-dealer broker volume cooled to 110% of the 10-day average as of earlier today.

US markets trading in red as Cyprus weights

Equities in the US markets are trading on the back foot on Tuesday, as uncertainties emanating from Cyprus are weighting on sentiment. The Cypriot Parliament has recently rejected the bank-deposit....
Read more Previous

Forex: EUR/USD hovering over 1.2880

The bloc currency attempted a rebound to the area of 1.2920 after the ECB informed that it will provide liquidity to Cyprus. In the same direction, unconfirmed rumors that the IMF may get...
Read more Next
Start livechat