What Increasing T-Note Yields Mean for Traders

The chart of the TNX holds some very valuable clues

   

We’re watching the CBOE Interest Rate 10-Year Treasury Note  Index (TNX) very closely because it offers a lot of insight into what investors perceive the Fed will do in the future – and, as we’ve seen in recent years, assumptions about the Fed’s actions can cause markets to make triple-digit swings in the course of a day.

 

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