Central banks including The Federal Reserve have numbed the Treasury market to the extent that it feels like it has been injected with a massive dose of Lidocaine.
Liquidity moves markets!Follow the money. Find the profits!
10-year Treasury Note volatility (TYVIX) just hit an all-time low.
And the ten-year Treasury Note yield briefly flirted with 3% this morning before retreating back to under 3% again.
As you can see, The Fed has barely begun normalizing the 10-year yield.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.