$TNX #yield pumping, above both avg's 2Yr not as much Does this mean the street has finally caved in and believe that longer recession is a sure thing? #economy
2Yr #Yield is close to support @ 4 Look at that weekly performance! However, monthly shows RSI readings above mid 70 has signified TOPS ALSO Depending on how Dec closes $TNX also looking weak Look @ RSI What is this telling you? "Someone" buying loads of #bonds, who & why?
Seems no one wants to discuss the Short End of the Bond Curve. After performing a 30 Bip Sequence, the Big Move to Consolidation - the Monthly Chart illustrates how NQ Elevator Up can resolve. The Fed Fund Futures were dragged into 2022 for 2/2 Indicated @ 72%. 007s on the Short End, believe it's all good, these will backfill and we'll rally 30 more Bips to...