U.S. Treasury yields rising again

The U.S. Treasury bond and note futures markets are trending lower and are at or near their contract lows. When prices fall yields rise. The Treasury bears are in solid near-term technical control, which suggests more downside price pressure (rising yields) for bonds and notes. There are other implications of rising U.S. Treasury yields, including steady-to-higher interest rates and problematic inflation expectations that are still evident. Stay tuned! Jim Wyckoff