The 10-year Treasury rate likely going higher, says Bensignor Investment Strategies founder
Speakers
Rick Bensignor
— Founder and Managing Partner, Bensignor Investment Strategies
Summary
Rick Bensignor reviews technical setups in equities, rates, and gold. He sees the S&P 500/SPY as resilient but stalled near measured resistance and watching 762 support. He expects the 10-year Treasury yield to move higher, and gold to consolidate above a solid recent low.
- S&P 500/SPY is stalled near its 782 measured target after the 779 all-time high.
- A break under SPY 762 on multiple closes would raise concern.
- The 10-year Treasury yield is expected to head higher with a minimum target of 5.6% and ultimate target of 6.07%.
- Bensignor says 4% on the 10-year yield will not be seen again this cycle.
- Gold sold off 30% from its peak, recovered about half, and is now consolidating.
- The two-month-old low in gold is viewed as probably a solid low.
Ideas
S&P stalls near 782 resistance
The S&P 500/SPY has been remarkably resilient but is stalled just below its measured SPY target of 782 after making an all-time high at 779; he is cautiously optimistic but worried if the market starts breaking under 762 on multiple closes.
Ten-year Treasury yields heading higher
The 10-year Treasury yield is ultimately heading higher from a secular technical perspective; he told clients in late March they would not see 4% again this cycle, sees a minimum upside target of 5.6%, and gives an ultimate target of 6.07.
Gold consolidating above a solid low
Gold is likely to consolidate for a while after selling off 30% from its peak and retracing about half of that decline; the low made two months ago is probably a solid low, but he does not expect an immediate scream to new all-time highs.
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This CNBC video, published September 04, 2026, features Rick Bensignor discussing SPY, US10Y, GLD. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Rick Bensignor · Tickers: SPY, US10Y, GLD