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10 Yr Treasury--Friday Morning, April 25, 2008

First the nearby 10 year future on a weekly chart:
080425-0845-10YrWeeklyFuture.gif

Then an updated weekly and daily chart of the TNX CBOE index of 10 year rates. (Note: I have put in an overnight high above 3.90%, although the official index only marks prices made within traditional NY 8:00 AM to 3:00 PM bond market hours. This is one reason TNX charts and CBOT 24 hour futures charts diverge at times.)
080425-0839-10YrWeekly.gif
080425-0844-Daily 10 Yr Yield.gif
Resistance on rate chart is around 3.91% (high in February was 3.96%). On futures chart, resistance in June futures could come in at 114'12. The low in February was 113'25. Overnight future traded down to 114'20. It has rallied significantly (18/32nds) since then.

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