Yields gapped up after the long weekend. Keeping my eye on this again as the TNX is developing a basing pattern despite the fact that everyone expects low rates to continue due to the weak job report last Friday. If the bond market starts pricing in higher rates it could be something that would spook the market. May just fall back again as it has been doing but worth paying attention to.
Comment:
Dropped back a bit. I have an alert set at 1.385 just as an head up that something might be changing.
Comment:
False breakdown and sharp recovery this week. This will be the story going into next week and FOMC meeting if the top of the triangle is broken. As I noted above I have an alert set there.
