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Essendy
Apr 14, 2023 4:41 PM

TNX 

CBOE 10 YR TREASURY NOTE YIELDTVC

Description

Monthly view of the 10 year. Only half way through this month, but 10 year notes are turning red to green on the monthly today. Holding 2018 highs as well as 9 ema so far this month. So far just looking like a bull flag in a very strong uptrend. I mentioned oil the other day. If oil prices keep rising, inflation will keep increasing, which means rates will keep rising. Consensus now seems to be that a rate increase in May will be the last increase. Unless we get a breakdown on this chart this month, I'll take the opposite end of that bet.
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