TNX.X – Ten-Year Note Rate (Last:4.57%)

I have outstanding projections as high as 5.5%, but the ponderous weight of supply just below 5% could conceivably put a lid on the bull move that began in March 2020 with covid. If rates fall to the red line (4.24%) as appears likely, price action at that midpoint Hidden Pivot will tell us whether they are headed still lower.  A strong bounce would imply yields are about to resume their upward skew.  However, if the downtrend crushes p=4.24%, or if TNX closes for two consecutive months below it, look for a further fall to d=3.67%.