Track record of tracking the SG10Y yields in giving heads up to the S&P500 or US market direction has been quite uncanny...
This time, the technical outlook for the SG10Y is suggesting a breakout, and in doing so, should see market volatility to the downside.
MACD is suggesting a potential breakout, as is a recent close to the high and breaking the Fibonacci fan resistance.
Any quick pop up would be confirmation of market volatility being imminent.