US 10-year Treasury yields to inch higher towards 1.63% – SocGen

US 10-year Treasury yields are probing the upper band of the ascending triangle within which it has evolved since August. Strategists at Société Générale expect to see higher Treasury yields. 

Consolidation above 1.26% is crucial for further gains

“Daily MACD has entered positive territory which points towards potential upside.” 

“The bounce could extend towards projections of 1.45%/1.46% with the next hurdle at 1.63%.” 

“Consolidation above the recent low at 1.26% would be important for further up move.”