TNX update
thumb_1.4.10index_tnx_d_--_10_year_t-note_inter_rate_cboe__delay20Since our October article on yields, TNX ( ten year note rate) has climbed from a low of 3.10% to a high of 3.91% at the close of 2009 trading. Not suprisingly, the dollar kicked off a strong rally, which we charted early on last month. For the past five trading days, we have been unable to hold a close above 3.85%, the August 2009 stumbling block. There are plenty of takers at these levels, something to keep an eye on as we kick off the new year.