U.S. bond yields could keep rising after piercing 1%

U.S. bond yields could be headed still higher after piercing 1% this week, according to analysts and investors who point to a wide gap between the benchmark Treasury yield and the next key support level. Driven by the Democratic victory in Georgia, the 10-year Treasury yield on Thursday hit its highest level since March at 1.088%, breaking out of recent trading ranges. Yields rose on expectations a Democrat controlled Congress would have the clout to pass more fiscal stimulus and spending, bolstering economic activity and debt issuance.
Source: Reuters.