The US 10 year treasury yield reach day high yield of 1.71% after the FOMC minutes said members are looking to run off the Fed’s balance sheet as well after they start to tighten.
The October high yield came in at 1.706%. The current yield is trading just below that level 1.696% currently. Move above the 1.71% level and traders will start to look toward the 2001 high yield at 1.774%. Above that and traders will look toward the November 2019 high yield at 1.968%.