FXStreet reports that U.S. Bond Yields are expected to see a more gradual and stilted rise during the second quarter, with an elevated risk of a short-term pullback in the first part of the quarter. Nevertheless, the Credit Suisse analyst team is looking for 10yr US Bond Yields to rise to 1.82% during the second quarter and 1.96/2.00% later in the year.

“The market enters Q2 with short-term momentum waning slightly and medium-term momentum remaining at levels that are typically consistent with a pause. We therefore expect to see a more stilted move higher during Q2, with the risk of a near term correction elevated. 

“The next major support zone at 1.82% is likely to prove a tough barrier during Q2.”

“Longer-term, we recently raised our core medium-term objective to 1.965/2.00%, however we think it’s less likely that this level will be reached during Q2.”