The upside risk for US rates

Walter Zimmermann, Senior Technical Analyst at United-ICAP, gives his short- and long-term outlook for 10 Year US interest rates.

Zimmerman says the key zone to watch is between 2.416% and 2.423%. If this zone is breached, he thinks the rate will rise to an initial upside target of 2.743%. On the other hand, If the market fails to push through this zone, the 10 year rate “could be mired in congestion for several more months.”

Read report.