The US 10-year yield has continued higher this week and is now very close to key support at 1.685/705%. A major base looks increasingly imminent. Economists at Credit Suisse look for a move above 2% into 2022.
US 10-year Bond Yields are back pressuring key long-term support at 1.685/705% after medium and long-term moving averages recently posted a bearish “death cross”, which pointed to a further deterioration in the trend following setup.
Moreover, short-term momentum is reaccelerating and weekly MACD remains outright bearish. It is believed a breakout above major support at 1.685/705% could be imminent, which would confirm a three-year basing structure.
This would likely take treasury yields above the year-to-date highs and retracement support between 1.775% and 1.82%.
Tags credit suisse Treasury Yields
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