Analysis: It is unlikely for the 10-year US Treasury bond yield to exceed 4.5%.

Chip Hughey of Truist says that the yield on the 10-year U.S. Treasury is unlikely to spike above 4.5%. Last month, yields spiked due to the Iran conflict driving up oil prices. The 10-year Treasury yield hit a peak of 4.44% on March 27, which is still higher than pre-war levels. Hughey stated, "As yields sharply rise, locking in longer-term fixed income products becomes more attractive." He added that concerns about inflation that could potentially push the benchmark yield above 4.5% could also trigger growth concerns that usually have the opposite effect. This high level could also lead investors to sell stocks and buy bonds, thus limiting the rise in yields.