TRUMP FOCUSED ON 10-YEAR YIELD AND NOT THE FED, SLOWER AI GROWTH FEARS ON ARM EARNINGS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
10 Year In Focus
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The chart shows TLT had previously touched the top band of the support zone.
- The chart shows yesterday TLT broke out above the top band of the support zone. TLT took a leg up for two main reasons:
- Treasury Secretary Scott Bessent said that Trump wants to focus on the 10-year yield to reduce borrowing costs instead of the Fed’s short term benchmark.
February 6, 2025