Bond Maginot

Don't you forget about me
I'll be alone
Dancing you know it, baby
--Simple Minds

After creeping back to the top of the recent channel, Ten Year yields broke thru the 2.6% Maginot before retreating after this morning's jobs data indicated lower wage growth than some bond traders apparently expected.

Still, yields are flirting with the level some people think defines a new bear market in bonds.