$TNX Bouncing nicely as are shorter maturity Yields
Was kind of expected to get some bounce from #Bond #Yields.
The last two days, especially yesterday, was RARE in yield price action. It happens but it's rare.
The buys could have been investors trying to take advantage of higher rates being that they are "expecting" the Fed Reserve to lower rates.
We mentioned that most yields, when we posted, were at or close to support levels.
So the bounce we are getting today is not unexpected. Furthermore, the gap from two days ago attracted and it is filled today.
$TNX was also oversold.
Yields from here are tough to gauge but likely go a bit higher.
The last two days, especially yesterday, was RARE in yield price action. It happens but it's rare.
The buys could have been investors trying to take advantage of higher rates being that they are "expecting" the Fed Reserve to lower rates.
We mentioned that most yields, when we posted, were at or close to support levels.
So the bounce we are getting today is not unexpected. Furthermore, the gap from two days ago attracted and it is filled today.
$TNX was also oversold.
Yields from here are tough to gauge but likely go a bit higher.
