Can US Treasury yields go higher?

A SHARP selloff in the world’s biggest government bond markets and a continued rise in the US dollar early this year sent shockwaves through financial markets. The benchmark 10-year US Treasury yield surged to a 14-month high of nearly 4.8% last week before easing to around 4.6% in recent days.

This movement has placed the trajectory of 10-year US Treasury yields at the centre of economic discussions in 2025.