U.S. 10-Year Treasury Yield Likely to Continue Rising, Chart Shows
The U.S. 10-year Treasury yield is likely to continue rising, with key resistance at October's peak of 5.021%, said Quek Ser Leang, markets strategist at UOB's Global Economics & Markets Research, in a research note. Taking into account other technical indicators and weekly time horizon, the odds of the 10-year yield reaching October's peak in the next couple of months seems low, the strategist added.