2-year yields testing key support
Here we are tracking for a floor to form at the front end of the curve.
We are currently sitting at key 1.761 support; this will attract buying interest and also mark a good level for shorts to begin unwinding. The congestion area below which includes extension targets will be enough to cap any squeeze/overshoots to the downside.
I will also be uploading a monthly chart for all those wanting to dig deeper on the longer-term wave count. For the flows here we are tracking for signs of a base forming, getting above 1.944% will increase confidence.
Best of luck those tracking yields for the Quarterly close.
We are currently sitting at key 1.761 support; this will attract buying interest and also mark a good level for shorts to begin unwinding. The congestion area below which includes extension targets will be enough to cap any squeeze/overshoots to the downside.
I will also be uploading a monthly chart for all those wanting to dig deeper on the longer-term wave count. For the flows here we are tracking for signs of a base forming, getting above 1.944% will increase confidence.
Best of luck those tracking yields for the Quarterly close.
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