The benchmark 10-year US Treasury bond yield has reached 1.85% for the first time since January 2020. Economists at Société Générale expect 10-year US T- bond yield to extend its upwards momentum towards 1.97%.

Key levels at 1.88% and 1.97%

“10Y UST is expected to head gradually higher towards next projections at 1.88% and perhaps even towards November 2019 levels of 1.97%.”

“Gap at 1.79% and recent low at 1.69% are immediate support levels.”