TNX has been rolling over of late and so far has not reacted strongly to today CPI and jobs data. However price remains above the 382 and the green box on the chart. The longer price stays above that level the higher the odds yields venture up to the 618 level taking the yield up to 2.17. Something to keep and eye on.
Comment:
Amazingly the 10year has dropped below the 382 and sits at 1.45. If this can remained subdued it very good news for growth stocks that have been hit hard by the rising rate narrative.
