[UOB: U.S. 10-Year Treasury Yield May Rise Further] Odaily Planet Daily News – Quek Ser Leang, a strategist at UOB Global Economics and Markets Research, stated that based on the weekly chart, the U.S. 10-year Treasury yield may continue to climb. He noted that the 10-year Treasury yield rose by 23.1 basis points last week, and that 'in previous instances where the 10-year Treasury yield experienced such a significant weekly surge, the yield continued to rise further.' He added that last week's strong increase 'was accompanied by the yield breaking above the weekly descending trendline connecting the 5.021% and 4.809% highs, which increases the likelihood of the yield continuing to rise.' (Jin10)