TNX will tank again in summer
Given that debt ceiling is looming after 31st July, there will no-issuance of TNX as the US govt can't issue them anymore post the debt ceiling resolution. Fed is still going to buy the T bills/bonds per their $120 billion mandate. Even if we assume demands remains, supply is dwindling -> lead to bond price increasing -> yields tanks -> TNX tank
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.