On Friday the 10 Year Treasury (TNX) broke OUT and UP of a Bull Flag. Rates are now moving pretty quickly. This is definitely not good for the real economy.
The USD (USD) strengthened impressively as well. The spin is that traders are expecting the Fed to start hiking rates as early as August. It is far more probable that traders are quietly getting defensive, selling equities and moving into dollars via the short end of the yield curve.
The USD (USD) strengthened impressively as well. The spin is that traders are expecting the Fed to start hiking rates as early as August. It is far more probable that traders are quietly getting defensive, selling equities and moving into dollars via the short end of the yield curve.
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