MACRO VIEW: TNX IS ON VERGE OF BREAKDOWN WITH OIL
The 10-Year Treasury Note Yield is on the verge of breakdown due to the recent downtrend in oil and consequent lowered inflation expectations.
Despite the anticipated FED rate hike, the Yield can actually go in opposite direction (the famous puzzle outlined by Greenspan, the former FED chairman)
The breakdown in the Yield will be confirmed on quarterly basis, if it trades below 2.17%, which is the lower 1st standard deviation from quarterly (66-day) mean.
Despite the anticipated FED rate hike, the Yield can actually go in opposite direction (the famous puzzle outlined by Greenspan, the former FED chairman)
The breakdown in the Yield will be confirmed on quarterly basis, if it trades below 2.17%, which is the lower 1st standard deviation from quarterly (66-day) mean.
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