U.S. 10-Year Yield Needs to Top 2.80% for Escape Velocity: Chart
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The yield on U.S. 10-year Treasury notes has risen substantially since Donald Trump won the U.S. presidential race, yet it could turn out to be nothing more than a temporary rebound from a technical point of view. The yield has been trading in a textbook bearish trend since the 1980s, and a move above the quarterly trend-line resistance is needed to mark a turnaround. The yield, currently at 2.38 percent, needs to end March above 2.80 percent, higher than the 2.42 percent seen in the latest survey of analysts.