The 10-year benchmark for the US T-bond yield hit its highest level since May 2019 – above 2.3%. Economists at OCBC Bank expect Treasury yields to stabilize between 2.05-2.25% in the coming weeks.
“We expect Treasury yields to stabilize with upside limited in the near term; the 10Y UST yield is likely to stay in between 2.05-2.25% in the coming weeks.”
“Further head, we look for the 10Y yield to reach 2.5% by year end.”
