Canada: Manufacturing Shipments contracted 3.1% MoM in December

According to Analyst John Biggs at RBS, “We continue to see a near-term 1.70% to 2.10% range in 10-year US Treasuries. Key support remains 2.06-2.10% in 10yrs, and first resistance is 1.90%-1.93%. We recommend to watch for ascending bear channel lines (1.93% in 10s and 3.10% in bonds) – breaks through could extend the rally while a close above 2.10% in 10s opens up 2.30%.”