US 10-Yr treasuries expected to consolidate – HSBC

FXStreet (Barcelona) - Lawrence Dyer, Strategist at HSBC Securities, expects the US 10-Year treasury yields to consolidate in the near-term.

Key Quotes

“A near-term period of consolidation is likely, in our view. This roughly translates into the 10-year note’s yield consolidating in the recent 2.1% to 2.4% range. June’s Treasury supply may pressure the upper end of this range, but month-end buying should be supportive.”