Looming US deadline for bank capital may be cause of soaring 10-year rates, page-3

There's a lot of misunderstanding in relation to US dollar liquidity i.e reserve currency "plumbing" and primary dealer bank collateral in the treasury market which is what's currently driving nominal yields higher. This is not an expectation of sustained V shaped recovery evidenced by the terrible labour market. Rising nominal yields in financial media is often related to rising inflation expectations, recovery, economy reopening etc etc. however this isn't the case. Primary dealer banks are driving the yields higher. This coupled with commodity prices rising due to supply imbalances caused by peak shutdowns is being misinterpreted as future growth expectation and imminent inflation. This is temporary and will become abundantly clear because the Fed will increase QE and alter duration of purchases for the primary dealers as soon as this week.
Nominal yields will correct much, much lower not higher which is what you want as a gold investor. Gold in this current post war system has always been driven by real yields i.e. nominal yields minus inflation not by inflation itself. This very basic misunderstanding causes people to follow the wrong signals. If you're a gold investor you're a fixed income bond investor. The good news is that due to technology and demographics which are massively deflationary there currently doesn't exist a fix within this current Eurodollar system to drive real yields higher unless there's massive 21st century baby boomer equivalent to alter the jobs market.