Bond yields rise on the day but fall on the week

Bond Market Trends - Bond market yields are rising despite weaker than expected economic data [1] - Two-year and 10-year yields are up several basis points on the session but down about eight basis points on the week [3] - The market tried to reach the 4% level on a 10-year bond yield but didn't quite make it [3] Economic Data Impact - Service sector data was disappointing, while prices paid were higher than expected [1] - The market reacted to the data by initially hitting low yields, then yields moved higher [2] Technical Analysis - The NASDAQ index has a higher high and a lower low than yesterday [4] - If the NASDAQ closes below yesterday's low, it would be a key reversal from all-time highs, which could be bearish [4]