10 Yr Rates - Contrarian View $TNX $TLT
Seems the narrative at the moment is rates are about to shoot higher...Not according to the chart. Momentum has weakened throughout this rally since '16 and can count possible 5 waves up. If rates fall, then means a rush into bonds, and maybe indicating a risk-off move. The FED announcement should give this the momentum to move one way or the other.
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