How will the reversal of the Fed’s quantitative easing programs and the
pending tax legislation influence the 10 year yield ? While we are waiting
for answers, the market is trading in a tight range; 2.04 to 2.62 over the last
year.
Support :2.26 (just below the mid-October lows; 2.12; 2.03; 1.96; 1.34
Resistance: A break of 2.62 is the major heads-up level. Above that plenty of room
up to 3.11 then 4.02.