10-year Treasury yields are back lower now, down over 2 bps to near 2.87% as there is still a lack of catalyst for a material move this week. The 100-day moving average (red line) continues to be where the line is being drawn before any potential revisiting of the 3% mark.
The FOMC meeting minutes served to reaffirm odds of a 50 bps rate hike but it still isn’t enough to really swing markets into picking a side – at least not in a meaningful manner.