TNX 10 T-Bill Yield (TNX)

[ITMS]

Bond Yields Send Shock Waves Into The Market

This morning, the yield on the 10-year U.S. Treasury Note is breaking out to new highs. The yield on the 10-year note is trading higher by 7.1 basis points to 1.861%. Yes folks, this means that bond prices are falling sharply when yields rise. The chart pattern on the 10-year note yield is signaling a move to the 1.92 percent level, so there is more upside in the cards. It should be noted that the 10-year note yield affects mortgages and most other loans.

Chart: http://www.inthemoneystocks.com/images/tnx%20yield%2010.27.16.png

Nick Santiago
InTheMoneyStocks