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20 Oct 2022
10Y US Treasury yields could reach 4.50% – SocGen
The 10-year US Treasury yields crossed the pivotal level of 4.15%. Economists at Société Générale believe that 10Y UST could head higher towards 4.50%.
Immediate support aligns at 4.00%
“The break of 4.15% in the US could be significant technically. Levels are technically overbought and a reversal is overdue but longer-term charts open a possible extension to 4.50%.”
“September high of 4.00% and a steeper ascending trend line at 3.84% are immediate supports.”