HSBC: 10-year US Treasury yield in danger zone, but no buy signal issued yet.

HSBC's multi-asset strategists stated in a report that although the yield on the US 10-year Treasury bond is in a "danger zone" where it typically puts pressure on almost all asset classes, it has not yet reached a level that represents a buying opportunity. Harriet Smith's team of HSBC strategists said in a report on May 18th, "Despite the global bond market facing sell-offs, our indicators have not yet given a strong buy signal"; the yield on the US 10-year Treasury bond rose above 4.68% on Tuesday, up from 4.4% at the beginning of the month.