In the previous Weekly Fast Forward discussion "All Together", we mentioned about the "missing puzzle", CBOE Interest Rate 10-Y Note index (^TNX) .
2 week had lapsed. We indeed saw the continual recovery mode in the equities. Despite the end of US QE, we saw Japan Qualitative and Quantitative Easing (QQE), EU QE, fall in commodities price, RBA interest rate remains etc. fuelled the risk on mode.
During the past 2 week, while recovery were in play, CBOE Interest Rate 10-Y Note index (^TNX) remained as the "missing puzzle". However on last Friday 7 Nov 2014, ^TNX gap up at opening, reached a day high of 2.41% before paring down to close near to its day of 2.31%. The inverse relationship between bond price and yield suggest the bond price would have went up. Relating back to an earlier comment, "“Move above 2.40% suggest further equities strengthen, supported with RSI going above 45.......
