Knock Knock Knockin' on 10yr Floor

Knock Knock Knockin‘ on 10yr Floor Sometimes, it’s a shame that the 7yr Treasury isn’t the most popular bond market benchmark. If it were, today’s headline could reference „knockin‘ on 7’s floor.“ Whether it’s the 3.77 level in the 7yr Treasury yield or 4.0% in the 10yr, bonds are repeatedly approaching these „floor“ levels over the past 2 weeks and today’s installment was the best yet–even if only barely.  Yet…