Treasury prices dropped Tuesday, pushing 10-year yields up by the most in three weeks to a high of 2.311 and closing at 2.289.

The daily line chart looks very interesting with an upside three wave move from the rising 21 days MA. It is to early to draw any definite conclusions on this move but it came unexpected since I in yesterdays blog said that i do not believe much to happen before Easter. The rise came with a gap so Wednesdays and Thursdays moves will be very interesting.

When the Treasury prices drop the yield moves higher. The big importance of higher interest rates in current economic environment did I point to in the blog below.