Bonds Swing Wildly | Greg Schnell, CMT | Market Buzz (06.10.20)

With bond yields spiking up last week, this could mark a significant turning point for the Financials and start the long climb out of the hole. With the Federal Reserve meeting June 10, it makes this an important group of charts to watch for the upcoming weeks. If the bond yields can continue to spread out, this helps the banks immensely. This spread difference is critical for the banks and we are reaching the potential spread where it is enough for the banks to have a new foundation for continued growth.

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