U.S. 10-Year Treasury Yields Rise 23.1 Basis Points Last Week, Break Key Downtrend

GateNews

According to DBS Bank strategist Quek Ser Leang, U.S. 10-year Treasury yields rose 23.1 basis points last week and broke through a key downtrend line. Quek noted that historically, similar sharp weekly rallies in 10-year yields have often been followed by further gains, suggesting potential for continued upward pressure on yields.

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