U.S. 10-Year Treasury Yields have now tagged the apex of two rising intersecting trendlines (the high of February's candle) and is currently trading a bit below, as shown on the following monthly chart.

It will need to break and hold above this apex around 2.885, first, before reaching 3% at some point.

The momentum indicator is above the zero level, and, as long as it remains above, it hints at higher rates ahead on this longer-term timeframe. However, the RSI is nearing its prior all-time high of 67.7510 set in January of 2000, so we may see quite a tug of war playing out over the coming days/weeks.

If we see a spike in RSI over and above that prior high, look to see whether momentum makes a higher swing high. If so, that could very propel this to 3%, or higher. If not, then I think price will move sideways for awhile.