10 year yield moves to the highest level since July 2011.
Moves to a high of 3.0668%. S&P dips below the 100 day MA.
The 10 year yield has moved to the highest level since July 2011. The high yield took out the April 25th high at 3.033%. It traded up to 3.0668%. The yield is up 6 bps today.
The 3.22% area was a swing high back in 2011. If the yield can keep above the 3% level, that would be a target.
Meanwhile over in the stock market, the S$P index is trading back below the 100 day MA (barely but below) at 2707.60. The price trades at 2706.75. The low extended to 2704.30 so far. It's not running but be aware it could pick up some steam.