10-year US Treasury yields to extend its advance towards 2.13% and 2.26% – SocGen

10-year US Treasury yields revisited November 2019 levels at 1.97% resulting in a pause. But economists at Société Générale expect the up move to persist towards 2.13% and 2.26%.

1.74% and 1.66% are near-term support levels

“Daily MACD has started posting negative divergence however signals of reversal are still not visible.”

“The up move is expected to persist towards next projections at 2.13% and 2.26%.”

“Recent low at 1.74% and neckline of the pattern at 1.66% are near-term support levels.”