10-year yields keep below 1.50% for now
The break below 1.50% in 10-year Treasury yields yesterday was the first since early March and technically, it may be a rather significant one. That said, there is the 100-day moving average (red line) nearby and that is a key spot to watch.
Bond buyers will be hoping to break that but a lot will ride on the reaction towards the US CPI data release later today. Given that consideration, there isn’t much widespread reaction across other asset classes to yields as well – for now at least.