US 10-year treasury yields back above 4% ...Middle East

10-year treasury yields are back above 4% in early Monday trading.It's been a bit of a perfect storm for bonds:Inflation expectations jolting higher alongside oil pricesBetter than expected US data pushing back against recession fears (this shouldn't have been a fear but anyway)Big repricing in unrealistic expectations for aggressive cutsEven though all these things have support yields running higher and bonds pushing lower, there is a chart that bond shorts needs to keep on the radar here.The 2s10s are inching back towards 0.0%, and I would expect bond buyers to put up a fight around that area. If I eyeball it that puts ZB around the 121'17 mark which is also the low from the 8th of August.

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