Forex Flash: 10-year US treasuries trade sideways– RBS

FXstreet.com (Barcelona) - The market continues to see a 1.72% to 2.15% range in 10-year US Treasuries, perhaps persisting through Q2. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years while near-term support is 1.83% - our bias remains to modestly lower yields in the near-term because positioning is favorable (short) and medium-term charts are turning bullish for the first time since early December.”

Treasuries are a hair cheaper as an uptick in EU and US stocks and tighter peripheral spreads weigh on the safe haven markets. Total Treasury inter-dealer broker volume planed to 75% of the 10-day average through this morning.