US 10-year yield: Up move eyes 5.36% – Societe Generale
Societe Generale’s rates team notes a sharp advance in 10‑year US Treasuries after defending key trendline support near 4.81%, with yields now challenging the 50‑day moving average. The bank sees scope for consolidation between 4.81% and 5.05%, but if resistance breaks, a larger move towards the 5.16%–5.18% gap and October’s high around 5.36% is envisaged.
Societe Generale's rates team reports a sharp increase in 10-year US Treasuries, with yields now challenging the 50-day moving average. The bank anticipates potential consolidation between 4.81% and 5.05%, but should resistance be breached, a significant move could occur towards the 5.16%–5.18% range, with a high near 5.36% by October.
The 10-year Treasury has exhibited a sharp upward trend after defending a key level near 4.81%, now testing the 50-day moving average. Short-term consolidation within the 4.81%-5.05% range is possible, but overcoming this hurdle could lead to a larger upward move toward the recent down gap at 5.16%–5.18%, followed by the October high around 5.36%.
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