Yields Turn Lower

05/20/2010 9:28 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The increasing concern over Europe’s spreading debt problems has caused an influx into the treasury market as the yields on the ten-year note have turned lower. For the past year, the yields had been bumping into resistance in the 3.90%-4.00% area. Earlier this year, it looked as though yields would move above this key level, but the recent decline keeps the downward trading channel intact. A break below 3.2% should signal even lower yields ahead.

Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on FOREX