The US 10-year Treasury yield has erased key 4.36% support. The economists of Societe Generale analyze the outlook for the US Treasury.
Failure to recover 4.36% could mean persistence of the downtrend
The US 10-year bond (UST) has reintegrated within the previous multi-month range, denoting the prevalence of continued bearish momentum. This is also highlighted by the daily MACD, which has recently entered negative territory.
Failure to recapture last week’s low of 4.36% could mean the persistence of the downtrend.
The 10-year UST looks poised to head lower toward potential next targets located at the 4.16%/4.13% projections. and the March/July highs of 4.08%.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
