0536 GMT - The U.S. 10-year Treasury yield could rise further, based on the weekly chart, says Quek Ser Leang of UOB's Global Economics & Markets Research. The 10-year yield closed up 23.1 basis points last week, the senior strategist notes. "The past few instances of such significant weekly spikes in the 10-year yield were each followed by further upside," the strategist says in a research note. This time round, last week's strong surge was "accompanied by the yield breaking above the weekly descending trendline connecting the highs of 5.021% and 4.809%, which increases the likelihood of a sustained move higher in yields." Next resistance is at 4.809%, the strategist adds. The 10-year Treasury yield is steady at 4.6063%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 01:36 ET (05:36 GMT)

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