As TMN has been highlighting throughout the week, a trend reversal in long end yields is under way. Ten year yields are embarking on a similar move. Weekly indicators are looking to work their way out of deeply oversold conditions and TMN will regard the move as confirmed upon TNX producing a weekly close above 28.27. This should at least lead to a follow through towards the 38% Fib. level at 32.90.
Please click on the chart to enlarge