法国兴业银行重点关注US2 Y和US10 Y的关键技术水平

Société Générale highlighted some key technical support and resistance levels for both the shorter end U.S. 2 Year Treasury yield (US2Y) and the longer end U.S. 10 Year Treasury yield (US10Y) in an investor note. See what the investment institution had to say:

U.S. 2 Year Treasury yield (US2Y)

“A short-term up-move has led it towards a steep descending trend line near 4.11%/4.18%, which could be an interim hurdle. A brief pullback is likely, but the recent pivot low at 3.87% could be an important support.”

Furthermore, the French headquartered financial services firm went on to add that if the US2Y pushes above the 4.11%/4.18% level, then the rebound could advance towards 4.30% and the 50-day moving average near 4.45%.

On Tuesday, the US2Y sits at 4.04%.

U.S. 10 Year Treasury yield (US10Y)

“10y UST has once again established itself above the graphical levels of 3.80%/3.78% representing the December 2023 lows. A short-term up-move can not be ruled out but 50-DMA near 4.15%/4.18% could be a crucial resistance zone.”

Société Générale also said that is the US10Y fails to defend 3.80%/3.78%, further downside could take hold and that the next level lower to watch could be at 3.67%.

On Tuesday, the US10Y sits at 3.85%.

Pulse on Treasuries

For market participants closely monitoring the moves in Treasuries and bonds, they may look to further analyze Treasury focused exchange-traded funds and other fixed income ETFs as a proxy investment. See some popular listed funds below:

Treasury ETFs: (NASDAQ:TLT), (NYSEARCA:TLH), (IEF), (IEI), (SHY), (SGOV), (SCHO), and (BIL).

Bond ETFs: (AGG), (BND), (VCIT), (MUB), (MBB), (JNK), (LQD), (HYG), and (TIP).

More on Markets

• This Is A Stock Market Correction In The Middle Of A Bull Market
• S&P 500: Not Adding Until Election (Rating Downgrade)
• Asset Class Scoreboard: July 2024
• Market is full of RINO stocks (Recession In Name Only) - Goldman
• S&P 500 powers to 4% weekly advance as economic data quells recession jitters