The 10 Year just continues the move higher today and trades through the 50 and 100-day averages. We are seeing a rather big candle that we haven’t seen in several weeks. 3% is the HUGE level to watch for.

Note the bounce on the longer term trend.

We are seeing the 2 Year Yield take out new recent highs as we trade at levels not seen since 2008. It seems cash is no longer trash.

Source: charts by Bloomberg