The rise in yields since March has looked impulsive so far which can be early hints and signals that a further move higher is coming. The only level in play here is 2.55% which is the .
Anything above here will do serious damage to the technical flow and will increase confidence in the floor.
Best of luck all those trading Fixed income or tracking it today.
Vol is bouncing somewhat in sync with the rally but remains low on the LT... those investors who are biased towards higher rates and higher vol will be considering buying cheaper payers or payer spreads like the 1Y30Y