Long-dated US Treasury Bond Yields at Critical Resistance Level

The 10-year and 30-year treasury bonds have sold off by 27bps and 18bps over the last three weeks, putting into serious question the cyclical downtrend in yields that began at the beginning of the year. As it currently stands, 10 and 30-year yields find themselves at important resistance levels, which should hold if the trend lower in yields is to remain in place.