Treasury yields are on the ascent, and they could have further to go. The U.S. 10-year Treasury yield topped 4.25% on Wednesday. That is a nice, round number representing a resistance level that, if broken through, could clear the way for further upside, according to Mark Malek, investment chief at Siebert. In fact, the benchmark yield could continue to climb to as high as 4.5%, he said. The yield on the 10-year note was last floating around 4.24%. “If we get over that 4.25% level, certainly, I would be concerned that there’s not too much more support beyond that,” Malek said. Yields and prices move in opposite directions. One basis point equals 0.01%. US10Y 1D mountain US 10-year Treasury Wall Street is pointing to a mixed bag in terms of culprits for the recent rise in yields, including strong economic data, concern the Federal Reserve will lower rates less than previously forecast and increasing worry around the U.S. federal deficit. Yields are not high when compared with where they have stood historically. In data going back to 1962, the 10-year Treasury yield has averaged 5.8%, according to Nicholas Colas, co-founder of DataTrek Research. However, the rise in the 10-year yield could add further pressure to equities, which investors worry are overvalued, and especially to the housing market. Week to date, the iShares U.S. Home Construction ETF (ITB) and SPDR S & P Homebuilders ETF(XHB) are down 7% and 6%, respectively.