Thirty-year Treasury yields may climb to the highest since June after forming a so-called double bottom pattern, Citigroup Inc. said, citing technical charts. Trend resistance for 30-year yields at 4.26 percent is “under threat,” Citigroup analysts Tom Fitzpatrick in New York and Shyam Devani in London wrote yesterday in a report. Yields will likely advance toward 4.68 percent, the most since June 12, if they rise above resistance and the double-bottom “neckline” at 4.39 percent, the bank said.
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