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Forex Flash: 10-year US treasuries trade sideways– 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 a hair cheaper as an uptick in EU and US stocks and tighter peripheral spreads weigh on the safe haven markets. Total Treasury inter-dealer broker volume planed to 75% of the 10-day average through this morning.

Forex: EUR/USD extends gains after US data

Antecipation of disappointment on the ISM non-manufacturing PMI just released triggered a fall of the greenback on the US session. The EUR/USD climbed the chart from 1.2825 to 1.2861 high, for now, and remains attached to the highest levels of the day. Earlier, the ADP employment report was expected to rise from 198K to 200K in March, but February data was revised much higher, to 237K, and the March figure disappointed at 158K.
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