US 10-Year Treasury yields have staged a rebound after hitting 1.33% earlier this month. Now, it is re-attempting the 1.50% level. Economists at Société Générale expect the US Treasury yields to extend its advance on a break 1.60%.
Holding above 1.41% is crucial to extend the rebound
“Ongoing bounce could continue towards recent bearish gap near 1.60%. So long as it is not overcome, an extended uptrend may not materialize.”
“Defending last month low of 1.41% will be crucial for persistence in the rebound.”