Treasury 10-Year Note Yield Exceeds 200-Day Moving Average

Treasury 10-note yields breached their 200-day moving average for the first time since July, suggesting bond prices may decline further.

The yield rose as high as 2.2454 percent in New York, exceeding today’s 200-day moving average of 2.2117 percent.

Ten-year note yields rose today to the highest level in more than four months, a day after the Federal Reserve raised its assessment of the U.S. economy and reduced demand for the relative safety of government debt.

Yield resistance is an area on charts where buy orders may be clustered, making further yield increases more difficult. Note and bond prices move in opposite direction of yield changes.

In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index.

To contact the reporter on this story: Liz Capo McCormick in New York at Emccormick7@bloomberg.net

To contact the editor responsible for this story: David Liedtka at dliedtka@bloomberg.net

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