TVC:TNX CBOE 10 YR TREASURY NOTE YIELD
I feel as though bond buying is going to commence again. The risk on behaviour is hugely unfounded. The only caveat is that Yellen has almost completely said there will be a hike in December. This would obviously be yields. I dont necessarily think it is the right move, as this will deleverage indices, which I think are very fragile still as well. If you look at the downtrend that yields have been in, it would be foolish to expect that it would break here, considering the trend has lasted for 8 years. Now that I have said that I'll probably end up eating my words.
@lu1977hk, Yup. We have just had a swing failure to the high at a major level. It will be very interesting to see where we finish up this week.