Today, the yield on the 10 Year Note sliced upwards through its declining 200 day moving average, signaling a potential reversal in trend and the possibility of higher rates yet to come. Daily Chart ($TNX): After forming a strange sort of double bottom, complete with a positive momentum divergence, the yield, now just under 4.1%,…
Can the relationship between 10 Year Note Yields and US Stock Prices reveal risk seeking and risk averse behavior of funds and investors? Earlier, I posted a few charts on the topic, so be sure to refresh with those for more information: Stock Correlation with the 10 Year Yield A Look at Bonds, Stocks, and…
I’m not sure how much you follow intermarket correlations, but there’s one relationship I’d like to highlight to you. The S&P 500 Index has been extremely correlated with the 10 Year Treasury Note Yield ($TNX), and continues to be so today. Generally (as demonstrated over the last 100 years, but not over the last 10…