Credible Case for 10-Year Treasury Yield to Move to 6.0%
Dow Jones
Yesterday
0013 GMT - The 5% level on the U.S. 10-year Treasury yield has been an important psychological threshold for investors, effectively marking the upper end of the range since the post-Covid period, says David Clewell, portfolio manager for multi-asset global income strategy at T. Rowe Price. Once a key technical level like this is breached, systematic and quantitative positioning can amplify the move and lead to further selling, he says. Given the resilience of U.S. economic growth, there is a credible case for the 10-year Treasury yield to rise toward 5.5% to 6.0%, he adds.
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