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    10-year US Treasury yields to surge above 1.90% towards November 2019 high of 1.97% – SocGen

    WikiFX   |   1643187992000
    Abstract：The benchmark 10-year US Treasury bond yield continues to fluctuate between 1.75% and 1.8% after the up move has paused after facing resistance near 1.90% last week. However,
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    　　10-year US Treasury yields to surge above 1.90% towards November 2019 high of 1.97% – SocGen

    　　The benchmark 10-year US Treasury bond yield continues to fluctuate between 1.75% and 1.8% after the up move has paused after facing resistance near 1.90% last week. However, economists at Société Générale expect to see further upside beyond the 1.90% mark towards the November 2019 peak of 1.97% and projections of 2.13%

    　　A short-term pullback is not ruled out

    　　“10Y UST has so far defended last October/November peaks of 1.69% which is first layer of support. A short-term pullback is not ruled out however neckline of the previous Inverted Head and Shoulders at 1.65%/1.62% should be a crucial level. Holding above this, the up move is expected to persist.”

    　　“Beyond 1.90%, next objectives are located at November 2019 peak of 1.97% and projections of 2.13%.”

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