US 10-year yields back off 1.97% on the first challengeThe November 2019 high of 1.973% is the gatekeeper for 2% US Treasury yields. A slip through that level could set off stops through the figure. I expect a big challenge of that level around Thursday's US CPI report but it could come sooner.
Today yields rose as high as 1.960% but we've seen
Source: US 10-year yields back off 1.97% on the first challenge (https://www.forexlive.com/news/us-10-year-yields-back-off-197-on-the-first-challenge-20220208/)
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