TNX Heading Higher?

Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates.

My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders.

We will continue to watch this one; for now it looks like we are heading to test 1.75 - 1.77. Neither long, nor short for now. Let's just observe.