U.S. 10-Year Treasury Yield Rises 23.1 Basis Points Last Week, Breaks Key Trendline

GateNews

According to DBS Bank strategist Quek Ser Leang, the U.S. 10-year Treasury yield rose 23.1 basis points last week and broke through a key trendline connecting the 5.021% and 4.809% resistance levels. Leang noted that historically, following such significant weekly advances in the 10-year yield, rates have tended to move higher.

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