mikemo81

10 Yr Rates - Contrarian View $TNX $TLT

CBOE:TNX   None
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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