TNX ( DXY) OIL
GOOD LUCK
TEN-YEAR TREASURY YIELD TUMBLES WITH OIL ... It should come as no surprise to see bond yields tumbling this week along with crude oil. Both markets have been trending higher together over the past year (with a 60-day Correlation Coefficient of .77). And both have similar chart patterns. The daily bars in Chart 3 shows the 10-Year Treasury Yield (
TNX) falling 13 basis points this past week. [Its weekly percentage drop of -4.4% nearly matches the -4.9% drop in oil]. The TNX is now testing its first line of support near 2.91% and its 50-day average (blue line). If that doesn't hold, a further drop toward its early April bottom (2.71%) could be in store.
TEN-YEAR TREASURY YIELD TUMBLES WITH OIL ... It should come as no surprise to see bond yields tumbling this week along with crude oil. Both markets have been trending higher together over the past year (with a 60-day Correlation Coefficient of .77). And both have similar chart patterns. The daily bars in Chart 3 shows the 10-Year Treasury Yield (
TNX) falling 13 basis points this past week. [Its weekly percentage drop of -4.4% nearly matches the -4.9% drop in oil]. The TNX is now testing its first line of support near 2.91% and its 50-day average (blue line). If that doesn't hold, a further drop toward its early April bottom (2.71%) could be in store.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。