US 10-Year Treasury Yield Hits 19-Year High

The US 10-year Treasury yield rose to 5.02%, the highest level since 2007, driven by inflation concerns and increased borrowing needs. Standard Bank strategist Steven Barrow had previously predicted the yield would reach 5%. Barrow noted that the sell-off in the bond market could continue and raised his year-end forecast for the 10-year yield to 5.2%. Not investment advice.

📊 DXY — Piyasa Yorumu

▲ up · 65%

The rise of the US 10-year Treasury yield to a 19-year peak is generally a positive signal for the DXY, as higher yields increase demand for the dollar. However, the DXY is already approaching overbought territory with an RSI of 67 and has risen 0.36% in the last 24 hours. The MACD is positive and the price is above the SMA20 and SMA50, supporting short-term upward momentum. Nevertheless, due to overbought conditions and the possibility that the news is already priced in, the upside may be limited. I expect a moderate upward bias in the 1-3 day horizon, but correction risk should not be ignored.

RSI 14

67.0

MACD

0.08

24h Δ

0.36%

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