Bond buyers take a bit of a break for now

10-year Treasury yields steady, a little higher at 1.445%

That said, the technical picture may still point to more downside pressure for yields after the break below 1.50% this week and now also taking out the 100-day moving average (red line) as well as the 23.6 retracement level around 1.47%.

From a technical perspective, the pause for now isn’t leading to much and unless yields climb back above the 100-day moving average, bond buyers are in control.

Source: https://www.forexlive.com/news/!/bond-buyers-take-a-bit-of-a-break-for-now-20210611