$TNX US02Y are CRATERING, Yields falling hard
Last week we mentioned that #yields cratering like they did was not normal.
Currently they are all at support with $TNX holding better than short term yields. The 10Yr has BOUNCED a bit off support.
In a positive note it does lessens the inverted Yield curve :D
We'll see how this scenario holds.
What's happening today is more SPECULATION than anything else. The belief is that the #fed will stop raising rates due to the the bank closures that are happening.
IMO I don't think it'll stop them but MAY slow them down a bit.
The Fed Reserve HAS to pick between #economy & #stocks.
While the Fed has been friendly to equities and markets in the past its main concern in the US Economy. They also care about the US #dollar.
Currently they are all at support with $TNX holding better than short term yields. The 10Yr has BOUNCED a bit off support.
In a positive note it does lessens the inverted Yield curve :D
We'll see how this scenario holds.
What's happening today is more SPECULATION than anything else. The belief is that the #fed will stop raising rates due to the the bank closures that are happening.
IMO I don't think it'll stop them but MAY slow them down a bit.
The Fed Reserve HAS to pick between #economy & #stocks.
While the Fed has been friendly to equities and markets in the past its main concern in the US Economy. They also care about the US #dollar.
