Buzz & Banter
Tony and Brian, interesting comments on the 10-year. While the 10-year yield continues to sink (the 10-year yield index, TNX, is below 32 as I write this) I wonder at what level it would suggest there is something more serious from an economic standpoint getting priced in?
A purely technical price count on the TNX suggests 2.6% is a potential downside target. Certainly doesn't mean we have to achieve it, because at 32, this index is technically oversold (on a weekly basis) but given what you said, I find it interesting.
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