(Bloomberg) -- The yield on U.S. 10-year Treasury notes has risen substantially since Donald Trump won the U.S. presidential race, yet it could turn out to be nothing more than a temporary rebound from a technical point of view. The yield has been trading in a textbook bearish trend since the 1980s, and a move above the quarterly trend-line resistance is needed to mark a turnaround. The yield, currently at 2.38 percent, needs to end March above 2.80 percent, higher than the 2.42 percent seen in the latest survey of analysts.
To contact the reporter on this story: Vassilis Karamanis in Athens at vkaramanis1@bloomberg.net. To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net, David Goodman
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