Treasury Yields Are Poised to Rise: Technical Analysis
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Treasury 10-year yields are poised to rise after breaking a 2012 downtrend, judging by trading patterns, according to DZ Bank AG.
Andy Cossor, the Hong Kong-based chief market strategist for Asia at Germany’s fourth-largest lender, drew a descending trend line connecting the highs in yields set in March and December. Extrapolating the line into 2013, it came to 1.82 percent on Jan. 2. Yields climbed through the level that day and have been above it since.