FXStreet (Guatemala) - Analysts at BBH explained that the March 10-year Treasury note has been recording higher lows since early November. Key Quotes: "This translated to the cash yield seeing diminishing gains above the 2.30% level. There is a clear near-term downtrend line in the March contract that was traced out in December. It is drawn of the Dec 11 high (127-10), the Dec 21 high (126-24), and the Dec 28 (126-13). It is found near 126-01 on Monday and 125-22 at the end next week. However, the market may be cautious about taking the contract above 127 ahead of the employment report on January 8. The March two-year note futures contract finished 2015 on a similar trendline. The technical indicators suggest scope to move back into the 108-24 to 109-00 area. The US two-year yield doubled from 54 bp in mid-October to almost 110 bp on December 29. A pullback was seen at the end of last week and a further move is likely first part of next week, but the participants may be reluctant to push it much lower than 100 bp pending the US employment report." For more information, read our latest forex news.