Quek Ser Leang, the global economist and market strategist at UOB, said that based on the weekly chart, the yield of U.S. 10-year treasury notes is expected to fluctuate between 4.137% and 4.622%. Although there is a possibility of further increase, the moderate upward trend suggests that any increase in the yield is unlikely to be significantly higher than the level of 4.622%, because the downward trendline connecting the high points in October 2023, April 2024, and May 2024 is close to 4.622%. In addition, the bottom of the Ichimoku Cloud at 4.137% is still a key resistance level. Overall, there seems to be a greater downside risk for the yield.
大华银行：美国10年期国债收益率下行风险更大
UOB: The risk of downward movement in the yield of U.S. 10-year treasury notes is greater.
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