Forex Flash: US 10-year treasuries prolong sideways movements – RBS

FXstreet.com (Barcelona) - The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”

Treasuries are modestly weaker today on a mild uptick in US stocks. Our overnight Treasury flows saw some central bank selling in the belly of the curve and almost no other flows. As a result, total Treasury inter-dealer broker volume was pegged at 94% of the 10-day average through this morning.