Reply To: Traders Market Weekly: Hello There 2022

#32063
Truman
Participant

Treasury Yields are pressing higher with the 30-year pushing to 2.06%, testing its 200-sma for the first time since late October. The 10-year bolts to 1.67% and is eyeing up a test of the 52-week high of 1.67% set back in early April. The 5-year rallied to 1.39% and is at its highest level since the start of the pandemic. The debate behind the moves (inflation vs growth) will continue but it should bode well for the banking sector. Our FAS long is pushing above the 50-sma ($135) in early trade.