The 10Y Breaks Out

Stocks have been on a tear since last October’s lows, when the narrative around inflation began to tilt toward a Fed rate hike pause or even a reversal. CPI had fallen from 9.06 to 7.75 and, thanks to falling oil/gas prices, was on its way lower.

Interest rates paid attention, too. The 10Y, which had topped out at 4.33% on Oct 21, began zigzagging lower, reaching 3.25 by Apr 6. Even when it rebounded, it managed to hold to a falling trend line from October. So, what does it mean now that the 10Y has broken out?

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password