The long-end of the Treasury curve continues to sell off.
However, the middle part is still fluctuating around the longer-term trend line.
Yesterday, notice that prices moved in a solid down, up, down pattern.
Notice two things on the daily chart. First, prices are gravitating around the 200 day EMA (a). Secondly, ideally, prices will move lower and test the 200 day EMA before moving higher (b).
The dollar continues to move lower. Notice the severity of the sell-off -- this is a very strong downward move.
