The yield on the 10-Year Treasury Note has pulled back below the 2% mark over the past week, but based on its chart pattern, it looks to just be re-charging for another move higher. As shown in the six-month chart below, the 10-Year Treasury yield has been trading in a nice uptrend channel since the start of December. Each time the yield has hit the top of this uptrend channel, it has pulled back, and each time it has hit the bottom of the channel, it has bounced. As long as the yield continues to hold support in the near term without breaking below its uptrend channel, we're likely to see 2%+ again sooner rather than later.
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