Heading into Friday's jobs report amid a barrage of increasingly hawkish comments from Fed heads about a forthcoming rate hike before year end, let's notice that the U.S. 10-year yield is pushing up against key resistance at 1.75%, which if hurdled and sustained, should trigger upside follow-through to 1.95%-2.00%.
The next directional catalyst that could trigger either a thrust toward 2% or a major downside reversal from 1.75% back toward 1.50% will occur in reaction to Friday's jobs report.