10-year UST bonds yields to reach 4.00% and even 4.15/20% – SocGen
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10-year US Treasury bond yields experienced a brief down move. But while above 3.50%, the uptrend is set to persist towards 4.00% and even beyond, economists at Société Générale report.
“Daily MACD has dipped below its trigger however signals of an extended pullback are not yet visible.”
“The peak of June near 3.50% remains a short-term support.”
“Holding above 3.50%, 10Y UST is expected to persist with its uptrend towards 4.00% and perhaps even towards the upper limit of a multi month channel near 4.15%/4.20%.”
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