Can 10-Year Notes (TLT) Recover From This Sell-Off?
My answer is most likely. Technically we will see 110.96 hold (GREEN) and make a push higher above 111.26 & 111.72.
Fundamentally, it's likely we have peaked in terms of inflation. Many measures suggest that is the case and sentiment is skewed towards being too bearish on Notes/rates. Certainly a contrarian play, but not just for the sake of being contrarian.
Fundamentally, it's likely we have peaked in terms of inflation. Many measures suggest that is the case and sentiment is skewed towards being too bearish on Notes/rates. Certainly a contrarian play, but not just for the sake of being contrarian.