US 10-year yields back to 5%

TVC:US10Y   US Government Bonds 10 YR Yield
The US treasury market is becoming agitated at the latest Fed stance that rates may most likely remain unchanged through the 2Q2024 and 3Q2024 which has put upward pressure on the US treasury yields. US 10-year yields broke back above 4.50% last week and a continued sell-off will see yields spike back to 5.00% for as long as the current Fed narrative holds it ground. Additionally, the 50-day MA has crossed above the 200-day MA, the infamous golden cross.


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