US Treasury yields rise, limited by April 2 uncertainties

U.S. Treasury yields have been rising, showing a willingness to climb higher. This trend has been influenced by positive survey results highlighting resilience in the services sector of the economy. However, uncertainties surrounding April 2nd are likely to keep yields in check. Market conditions have shifted toward "risk-on" behavior, with traders feeling more optimistic. There has been speculation about easing tariff tensions, but this is not seen as the main factor affecting current movements. There is still a lack of clarity on developments expected next week. On Tuesday, a drop in the Consumer Confidence Board's estimate is expected, moving from 98.3 to around 94. This decline suggests the market anticipates weaker economic data, but it also opens the door for potential positive surprises. Analysts predict that the 10-year Treasury yield could fluctuate between 4.25% and 4.35% this week. Any significant rise above 4.35% may be limited due to concerns about the implications of April 2nd. Conversely, a fall below 4% seems unlikely unless new weak data emerges, maintaining a solid support level around 4.25%.