10-year US Treasury yield looks poised to head lower – SocGen

Market news

29 November 2023

10-year US Treasury yield looks poised to head lower – SocGen

10-year US Treasury yield erased key support at 4.36%. Economists at Société Générale analyze the US Treasuries outlook.

Inability to reclaim 4.36% could mean persistence in downtrend

10Y UST has re-integrated within previous multi-month range denoting prevalence of steady downward momentum. This is also highlighted by daily MACD which has recently entered negative territory.

Inability to reclaim last week low of 4.36% could mean persistence in downtrend.

10Y UST looks poised to head lower towards next potential objectives located at projections of 4.16%/4.13% and March/July peaks of 4.08%.

Belgium Consumer Price Index (YoY): 0.76% (November) vs 0.36%

Eurozone Business Climate: -0.39 (November) vs previous -0.33

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