TNX - Back to the Box10 Yr Yields are catching the FED YCC shove at present, it's feeble but there.
Powell's Backtrack yesterday was frankly pathetic.
"Rates will remain near Zero for the near term"
blah blah blah... idiocy.
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The Stock Market is the Economy is what this fraud meant to say, but could not.
One day, he will.
Until then, the DX and TNX are going to continue to Range and Consolidate.
There's another accident ahead, regardless of the protestations of the Bond Gurus,
007s and Bandits.
They never seem to catch the Drift, always buying and claiming the New Bond Bull
is beginning.
After 4.5 decades it's over fanbois.
If you can't sort it out... it's your Capital being eaten alive by Inflation.