Don’t let the sterling move overshadow the breakdown in Treasury yields

It was a big day for bonds
The past week has seen a major breakdown in Treasury yields.
A week ago, I wrote about 10-year yields (see: ).
This is the chart that matters: US 10-year back below 2.30%
A major range break was underway then and it’s been confirmed by the follow through and confirmed again today by the bearish reversal to 2.17%.