The Yield on the 10yr Treasury Note would need to clear 2.40 for a valid breakout. So while everyone is pissing their pants and panties about its recent rise in Yield no breakout has occurred and price is still below its 2.40 breakdown point from last August with the techncials very overbought at its last tag of 2.40. Until price clears AND holds above 2.40 nothing much has changed despite everyone and his dog predicting rising rates. The chart will determine the "when" not the hot shots of the world. This story of rising rates has been told many times over the last few years and the exact opposite has occurred with many of the bigest bond traders in the world losing their shirts on rising rate trades. So far no cigar for them.