Despite its recent advance, the 10-year yield remains "in a downtrend" and faces resistance at the 4.09% level and near the 200-day moving average of 4.16%, said Adam Turnquist, chief technical strategist for LPL Financial in Charlotte, NC. Until these levels are conquered, upside rallies in the yield "should be viewed as temporary."

Major Indexes are poised to open higher Tuesday, recovering from the previous session's selloff, as investors await key economic data and earnings reports in the coming days.

U.S. stocks are clawing back some of their losses from the day before as falling oil prices release some of the pressure that’s built up on the market. The S&P

S&P 500 futures are down 0.1%. Dow Jones Industrial Average futures are dipping 0.1%. Nasdaq 100 futures are slipping 0.2%. On Tuesday, the Dow Jones Industrial Average rose 126 points, or 0.3%, to 42,

That in turn has sent Treasury yields higher, and the 10-year yield is back above 4% for the first time since August. The two-year Treasury yield also briefly climbed back above 4% Monday, up from 3.50% a couple weeks ago.

That in turn has sent Treasury yields higher, and the 10-year yield is back above 4% for the first time since August. The two-year Treasury yield also briefly climbed back above 4% Monday, up from just 3.