Earlier this month, the yield on the 10-year US Treasury broke above its 200-DMA for the first time since the opening days of 2016. In the days that followed, the yield on the 10-year continued to rise, hitting its highest level since the Spring nearly two weeks ago. Since then, rates have moved sideways with a downward bias. After holding above the 200-day moving average for several days, though, rates are back on the rise today, with the 10-year yield seeing its largest one-day increase in nearly two weeks, rising to 1.77%. If October’s high of 1.81% gets taken out in the next few days, the uptrend in rates will only become more firmly established.