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.



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