The benchmark 10-year US Treasury bond yield holds above 1.8% after rising 3% on Thursday. Economists at Société Générale expect 10Y UST to reach 1.97% with scope for the 2.13% mark.
Break below 1.65% to denote a deeper down move
“Neckline at 1.65% should be an important support.”
“10Y UST is likely to extend its rise towards November 2019 levels of 1.97% with possibility to reach projections of 2.13%.”
“Only a break below 1.65% would denote a deeper down move.”
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