Treasury Yields Tracking Fibonacci Pattern May Signal Record
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Treasury 10-year notes may rally this year, pushing the benchmark yield to a record low based on trading patterns during the 34-year bull market for U.S. debt, according to Nomura Holdings Inc.
Should the yield on the 10-year note remain below 2.4 percent, it has the potential to fall below the record low of 1.38 percent in July 2012, Walter Burke, a technical strategist on the rates-trading desk at Nomura, wrote in a note. Ten-year note yields fell four basis points, or 0.04 percent point, to 1.99 percent today in New York, according to Bloomberg Bond Trader prices.