Quek Ser Leang: US 10-year treasury bond bond yield may continue to rise

Quek Ser Leang, strategist of UOB, said that the yield of the US 10-year treasury bond bond rose by 23.1 basis points last week, and the weekly chart showed that the yield might rise further. He pointed out that the yield has broken through the weekly downtrend line connecting the high points of 5.021% and 4.809%, which increases the possibility of sustained upward trend.