Treasury yields are continuing their decline. The treasury rally is in full swing, regardless of how ridiculously inflated this bubble is. As expected, yields are now below 2.5%. The chart below shows that they have even dropped faster than the recent mid term trend would have indicated. There is absolutely no sign of a bottom, neither fundamentally nor technically.
It is certainly likely that yields will snap back into the corridor and have a significant short term movement upwards toward the upper end of the range over the next weeks. But the mid term trend remains unchanged.