$TNX broke downtrend, rates likely keep going

2023年7月6日

Long ago we mentioned that #FederalReserve had decision to make.
They either chose the Economy or the Markets.
They CANNOT do both.

It's obvious, plus they keep repeating, with rate hikes where their mindset is.

Media states that Wall St thinks that #interestrate will be cut.
BUT
Looking @ short term rates, they look primed to go higher.

#bonds
-------------
The 1Yr is moving very nicely.
BUT
The 2YR picked up a lot lately. It's closing in on the 1Yr.

🚨🚨🚨
The 10Yr #yield is cranking & broke downtrend. #TNX

How much higher can things go before they break?

We've also mentioned that extreme #currency devaluation has bullish consequences
(many countries are an example of this)

Dilemma

EDIT:
We're still forming higher highs so market correction likely not there. This tends to happen once the inverted yield curve fixes itself.

2Yr Peak during great financial crisis was 5.28
10Yr Peak was 4.32

#GOLD #silver BTC