You're welcome!  I knew if I lamented the slow and boring nature of the week ahead yesterday that I could trick the bond market into doing something exciting.  Sure, it was a 50/50 chance that my little ploy could backfire, but at least there would be something exciting to talk about.  And now here we are with 10yr yields staring the day down more than 4bps.

Fake superstitions aside, bonds have quickly found some inspiration on what began as a dud of a week.  As Asian markets returned from yesterday's holiday absence, the blossoming trade tensions between the US and China took a toll on equities markets and helped bond yields move lower.

With the help of a bigger jump during the very first hours of overnight trading in Asia (during which, Treasuries are not trading on the cash market), 10s jumped down to start the day below the 2.915% resistance level that they'd had a hard time breaking over the past 2 sessions.  The magnitude of that break suggests today could be the day we finally hold below.