mbbirdy
Morgan Stanley indicated Tuesday that 4.35% on the U.S. 10-year Treasury yield (US10Y) represents a key technical level. The analysis came before the highly anticipated CPI report.
“Last week, the benchmark yield pushed above that level for the first time this year, and stocks sold off — the S&P 500 index made its first break below the lower bound of a well-defined uptrend in the index since the rally began in October,” the investment institution stated.
As of Tuesday morning, the 10-year Treasury yield has pulled back from Monday's high point to 4.38%. Moreover, the 10-year yield has now gained 51 basis points on the year. See a 6-month chart below of the 10-year yield.
On a separate technical note, the 10-year yield also trades above its 50-, 100-, and 200-day moving averages.
Market participants who are monitoring the price swings in Treasury yields may look to further analyze some of Wall Street’s popular fixed income exchange traded funds:
- Vanguard Total Bond Market ETF (BND)
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Total International Bond ETF (BNDX)
- iShares 20+ Year Treasury Bond ETF (TLT)
- iShares 10-20 Year Treasury Bond ETF (TLH)
- iShares 7-10 Year Treasury Bond ETF (IEF)
- iShares 3-7 Year Treasury Bond ETF (IEI)
- iShares 1-3 Year Treasury Bond ETF (SHY)
Additionally, see how other yields trade across the entire yield curve here.
More on Treasury Yields
- Treasury yields advance as CPI and PPI loom
- Fed’s data dependence may cause it to fall behind the neutral rate curve - Roth MKM
- Treasury yields continue to climb, see what SA analysts have to say
- BlackRock says yields will remain elevated even if rate cuts take place
- Treasury yields climb to kickoff Q2 as the 2Y and 10Y hit 10-day highs