US Treasury 10 Y Notes 4-10

DEC 10-Yr T-NOTES

Only a glance at the 240-min chart below is needed to see that the RATE of descent over the past week-and-a-half has slowed with yesterday and overnight’s recovery now pressuring Fri’s 125.20 minor corrective high and area of former 125.17-area support from 21-Sep that is now considered a new resistance area.  25-Sep’s 126.045 corrective high remains intact as our short-term risk parameter the market’s still required to recoup to break the broader downtrend from 08-Sep’s 127.285 high.  But for longer-term range reasons we’ll address below, traders are advised to move to a more conservative approach to risk assumption of pare or neutralize bearish exposure on proof of even micro strength above a level like 125.20.

 

US T 10 Years 4-10

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