3 charts we are watching: contrarian in bonds

Reversal in the making?

Surging yields has been a strong narrative lately, but the 10 year hasn't closed this low since August 11. Is the perception of surging yields stronger than the actual moves? Note the 10 year trading right at the 21 day moving average. There is a short term trend line coming in around these levels. 4.15% is the short term area to watch closely. A close below it and the 50 day moving average could come into play.