US 10-year yield: Up move eyes 5.36% – Societe Generale

Societe Generale’s rates team notes a sharp advance in 10‑year US Treasuries after defending key trendline support near 4.81%, with yields now challenging the 50‑day moving average. The bank sees scope for consolidation between 4.81% and 5.05%, but if resistance breaks, a larger move towards the 5.16%–5.18% gap and October’s high around 5.36% is envisaged.