A look into where the most popular trading assets are headed in 2021.: The US 10-yr yield could be the big story of the second quarter as the benchmark for global bonds creeps higher. I said at the start of the year that it was pointing higher, and we are now seeing that move. The 10-yr has a path open to the 2.00 level and we will see how markets react to another move higher. The latest move to 1.60 saw markets rattled and it looks like it may move further.