10Y US Treasury yields could reach 4.50% – SocGen

The 10-year US Treasury yields crossed the pivotal level of 4.15%. Economists at Société Générale believe that 10Y UST could head higher towards 4.50%.

Immediate support aligns at 4.00%

“The break of 4.15% in the US could be significant technically. Levels are technically overbought and a reversal is overdue but longer-term charts open a possible extension to 4.50%.”

“September high of 4.00% and a steeper ascending trend line at 3.84% are immediate supports.”

See – USD/JPY: Widening yield differentials continue to encourage higher levels – MUFG