Treasury yields continue to dribble lower today ...Middle East

The turning point in the bond market in October last year arguably came after the Treasury quarterly refunding announcement. And are we seeing a similar moment for Treasuries again after the estimate announced here yesterday? 10-year yields were up at around 4.16% at the end of last week but have now fallen by some 12 bps this week.Perhaps more importantly, we are seeing yields fall under its 200-day moving average (green line) at 4.089%.That is a key technical level that is being breached this week, after the highs this month stalled at around 4.19%. In other words, bond buyers are seizing back control and a break under 4% will solidify that even further.That being said, bond sellers are no

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