10Y Treasury Yield Breaks Key Support

Treasuries continue to rally with 30Y outperforming but it is the 10Y that is crucial as it just broke through a key support level around 2.57% yield to its lowest in almost 7 months.

And as Goldman notes

Yields have broken support - This includes the lows from  Feb. 3rd and May 5th. There's a fairly wide gap below it down to ~2.47% (Oct. ’13 low/38.2% of the May/Sep. ’13 rise). The likelihood of reaching that level seems to be increasing