The benchmark 10-year US Treasury bond yield holds above 1.8% after rising 3% on Thursday. Economists at Société Générale expect 10Y UST to reach 1.97% with scope for the 2.13% mark.

Break below 1.65% to denote a deeper down move

“Neckline at 1.65% should be an important support.”

“10Y UST is likely to extend its rise towards November 2019 levels of 1.97% with possibility to reach projections of 2.13%.”

“Only a break below 1.65% would denote a deeper down move.”