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10-year US Treasury yield erased key support at 4.36%. Economists at Société Générale analyze the US Treasuries outlook.
Inability to reclaim 4.36% could mean persistence in downtrend
10Y UST has re-integrated within previous multi-month range denoting prevalence of steady downward momentum. This is also highlighted by daily MACD which has recently entered negative territory.
Inability to reclaim last week low of 4.36% could mean persistence in downtrend.
10Y UST looks poised to head lower towards next potential objectives located at projections of 4.16%/4.13% and March/July peaks of 4.08%.
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