US 10-Year Treasury Yield Exceeds 5%

GOOGL has risen 5.76% in the last 24 hours to reach 349.48, with its RSI14 at 73.5, placing it in overbought territory. The US 10-year Treasury yield exceeding 5% could create valuation pressure, particularly for technology stocks, and may trigger profit-taking in the short term. Although MACD is positive and the price is above its SMA20/50, overbought conditions and the macro interest rate shock increase downside risk. Nevertheless, due to strong momentum, the decline may be limited; a volatile trend and slight pullback are expected within 1-3 days. Investors should be cautious due to interest rate sensitivity.

The US 10-year Treasury yield surpassing 5% is generally a supportive factor for the dollar index. At its last close, DXY stood at 99.45, just below its 20-day moving average (99.48), and has risen 0.30% in 24 hours. The RSI is at 53.6, in neutral territory, while the MACD is below its signal line but in positive territory. The rise in Treasury yields could boost dollar demand in the short term, but if DXY breaks above its 20-day average, the upward movement may strengthen. Otherwise, support at 99.25 (50-day average) should be monitored.