The bond selling resumes, 10-year Treasury yields near 2.90%

Here's a look at Treasury yields on the day:

• 2-year yields +1.7 bps to 2.477%
• 5-year yields +2.7 bps to 2.823%
• 10-year yields +3.5 bps to 2.897%
• 30-year yields +3.5 bps to 2.987%

The levels are the highs for the day as the bond selling looks to resume. In turn, that is pinning USD/JPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term higher with the pair now up 145 pips to 128.42. In general, the yen is dragged down across the board with AUD/JPY also trading up to its highest since July 2015, closing in on the 95.00 level.

Again, I'd like to point out this chart when it comes to the bond market:

10-year Treasury yields are looking to break key resistance in the form of the 200-month moving average (blue line) as well as the channel range that has been persisting for more than two decades now.