TNX broke below the 1.40 pivot that I have been watching. IMO this is significant and not getting enough attention. Especially significant in the wake of growing inflation fears. The bond market seems to be pricing in a slowing economy not a growing economy. Money is getting dumped back into treasuries for some reason. A bond market rally could pull a lot of money out of stocks. Not sure how to play this but definitely something I'll continue to watch.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.