US10Y, aka
TNX is likely entering a phase of sideways consolidation before another leg up
Last time it came out of a bear market bottom, it took
TNX 11 years to clear the 4-5% area for good and begin its long term uptrend phase...
11 years that
SPX used to compound gains of 180%
(long pertains to
SPX) for yields perhaps long 3% is a good idea! but imo the easy money on yields has been made by now.
Last time it came out of a bear market bottom, it took
11 years that
(long pertains to
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Disclaimer
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.