The Treasury 10-year yield increased by 10 basis points to 4.29%, with the US 7- to 30-year yields also rising by at least 10 basis points on the same day. Market analysts are closely monitoring the situation as the 10-year yield approaches the resistance level of 4.30-4.35%, with a potential target of 4.50% in sight.
Bond yields up bigly today 10yr once again threatening to breakout of resistance around 4.30-4.35. If so, 4.50% seems like an inevitable next target. Last time 10yr was at 4.50%, $SPX was waaaaaaay down at 4,500! Not saying we go down there but something to keep your πβs onβ¦ https://t.co/yBN9C82Iy5
US 10YYR ENCROACHES 4.3%, +11BPS
β US 7- TO 30-YEAR YIELDS RISE AT LEAST 10 BASIS POINTS ON DAY
10Y yield now >4.29%...
β TREASURY 10-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.29%
*TREASURY 10-YEAR YIELD RISES 10 BASIS POINTS ON DAY TO 4.29%