Technical Play of the Day - Treasuries,

The 10-year yield, near 5.000%, is weak on the intraday charts below 5.010%, and it's set up for a downtrend to 4.910%. The move might have long-term implications because trading below 4.910% would be a technical breakdown on the monthly chart.

The euro remains stalled at the top of the $1.2765-$1.2720 support band. Moreover, if the dollar takes out Y114.66 resistance it would be pointed up to Y115.05 initially.

The important intraday level for the Dow Industrials is 11196.62.