I see an opportunity today.
You would think that the higher interest rate guidance would have created a bump higher in the
$TNX (Ten-Year Note Yield).
However, wouldn’t that make too much sense? The more trading experience I have gotten over the last two decades, the clearer it is, that logic doesn’t always work -
unless you are early enough.
If you have been following along, you know that yesterday, I discussed the S&P Banking sector, namely
KBE, as we wait for a pullback to some key technical levels.
It got me thinking: the Ten-Year Note yield should be very similar to that trade.