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Refer to CNBC News.

After ripping higher, U.S. Treasury yields could be set for a pullback, but it could be temporary and strategists expect rates to trade in a new, higher range this summer.

German bund yields are seen as the most dominant driver of Treasurys for now, while strategists say a heavy corporate issuance calendar is also fueling selling in Treasurys.

“I think we’re closer to the highs of the year than not. I think we’re having a rate adjustment…. I think we’re going to go higher than 2.60, but I don’t know if we’re going much higher,” said John Briggs, head of a strategy at RBS.

Treasury yields followed bund yields higher Wednesday, and the U.S. 10-year hit a high of 2.49 percent, as its German counterpart traded above 1 percent. U.S. rates later came off their highs, and the Treasury Department auctioned $21 billion in 10-year notes at a yield of 2.461 percent, the highest at an auction since September.

Even though strategists see yields trending higher, they don’t see them moving that much higher, and some believe the trade will be more of a curve flattening move than a move higher at the long end.

“We have come a long way. It wouldn’t surprise me to see a little bit of a correction, at some point,” said Arthur Bass, managing director at COEX Partners. “But I think people will be looking to sell the upticks.”

Bass expects the 10-year could yield could move as high as 2.75 percent by the end of the summer.

Of course, if interest rates go up, the burden of credit card debt will be even greater. That makes it all the more important to get a handle on your credit card. There may be a way that you could make arrangements that might soften the burden of that debt. Perhaps you should talk to Caroline Secor.

Carolyn Secor P.A. focuses its practice in the areas of Bankruptcy and Foreclosure Defense in Clearwater, Florida. For more information, go to our web site or call Carolyn Secor, P.A..