Flash: Await signals of bearish trend in Treasuries – RBS

FXstreet.com (New York) - The RBS Research Team grapples the tactical outlook of treasuries in the United States.

Treasury outlook

According to the tem, “We recommend stay long 2-year notes and being ready to extend durations on pullbacks when longer-term momentum signals finally confirm that the bear trend in place since early May has ended.”

Also, “we look for 2.40% to be strong resistance in the near term, watching bearish trendlines.”