Trade to the highest level since April 14
The 10 year yield is currently up around 7.1 basis points to 0.757%. The high yield reached 0.7672% while the low was down at 0.6836%.
The yield rise has taken the yield to the highest level since April 14. The next target would be the April 9 yield at 0.7834%..
Looking at the chart below, the 38.2% retracement of the move down from the November 2019 swing high comes in at 0.9469%. Getting and staying above that level will next target the falling 100 day moving average at 1.0272% currently. The price has not traded above its 100 day moving average since January 23.
