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    • The 10-year Treasury briefly crosses 4.5%, signaling it has more room to rise
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    The 10-year Treasury briefly crosses 4.5%, signaling it has more room to rise

    Umito Posted on

    The sell-off in U.S. government debt on Friday briefly pushed the benchmark 10-year Treasury yield above 4.5%, a key resistance level that indicates the rate can continue to rise.

    Adam Turnquist, chief technical strategist at LPL Financial, said he wouldn’t be surprised to see the 10-year yield break its April intraday high of just over 4.7%, even if a level Additional resistance lurks just above 4.6%.

    The 10-year yield has not only remained above its 200-day moving average, but that average is also rising. That “shifts the risk profile upward rather than downward,” Turnquist said by phone Friday.

    Umito
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