The market has been pushing for 2% on the 10 year treasury note as rates are expected to rise. As of today, we were able to reach 1.96% on the treasury note before letting off the gas pedal. Its a wide consensus in the bond market that 2% is key, and thus we should stick to our target, which is only a few more ticks away. A break of the most recent low should give us the moment to get to 2%. The real question here is if there will be enough momentum to blast through that key barrier or will we reject 2% and fall off again.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.