I see an opportunity today. You would think that the higher interest rate guidance would have created a bump higher in the
$TNX (Ten-Year Note Yield).
However, wouldn’t that make too much sense? The more trading experience I have gotten over the last two decades, the clearer it is, that logic doesn’t always work -
unless you are early enough. If you have been following along, you know that yesterday, I discussed the S&P Banking sector, namely
KBE, as we wait for a pullback to some key technical levels. It got me thinking: the Ten-Year Note yield should be very similar to that trade.
Tuesday s Market, Risk to the Downside, Putting Cash to Work, Trading McDonald s thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
What s Up at the Fed? Supply & Demand, 12 Trading Notes, Microsoft Conference Should we care about Australia s central bank taking overtly aggressive action to reign in the long end of their yield curve? Yes, we should.
Mar 01, 2021 | 07:55 AM EST
Shot heard round the world? Like the crack of a bat on a sunny summer afternoon. Like the gust of wind that seems to come out of nowhere and blow your garbage cans across the street. Like discovering a small plastic toy when cleaning out the garage, a toy that is probably far older than you are yourself and instantly reminds you of Grandma s house . Zero-dark thirty. Perhaps I am wrong, but what little real-time financial media that seems to be available. appears to have missed the significance of what happened on Sunday night in New York, or rather Monday in the land of Koala Bears and Vegemite sandwiches.