10-Year Note Yield Target

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Feb 26, 2021 at 3:00 PM EST

In the near term, yields are a bit stretched and overbought, but ultimately they are headed a lot higher.

The 10-year U.S. Treasury Note yield is on the move lately. In the near term, yields are a bit stretched and overbought, but ultimately they are headed a lot higher. My overall projection brings the 10-year note to around the 2.60 to 2.80% level. As far as higher yields affecting stock prices negatively, that is the story of the day right now.

Remember, lower rates usually mean higher valuation. Ultimately, all correlations break apart and I’m never smart enough to figure out the story. This is why I use charts as my primary trading method.

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