US10Y 2% is Essentially a Certainty at This Point

30 Mar 2021

The real question is what happens when we hit 2%? Will the bond market (and stock market) implode? Will the Fed step in with YCC? Something tells me we won't have to wait much longer. Hold on to your hats in April, the 10Y note won't see real support until the 128 level (we're currenty trading around 131...