10-Year Treasury Yields Climb to 3.75% as RSI, MACD Flash Bearish Signals
The 14-day RSI on the 10-year Treasury note yield fell under 50 to 48 and triggered a MACD bearish crossover this week, indicating renewed selling pressure. Yields climbed 15 basis points to 3.75%, the first rise in six weeks, likely to weigh on bond ETFs such as OWL.
1. Technical Indicators Turn Bearish
Technical indicators on the 10-year Treasury note yield shifted bearish as the 14-day RSI fell to 48 and its MACD line dipped below the signal line this week, marking the first bearish crossover in three weeks and signaling intensified selling pressure among fixed-income investors.
2. Yield Rise Implications for OWL
Following these signals, the 10-year yield climbed 15 basis points to 3.75%, its first rise in six weeks, a move that could pressure bond ETF NAVs and trading volumes, particularly for funds like OWL that track Treasury securities.