On July 7, 2023, data from the 10-Yr Note Non-Commercial Traders Net (Long – Short) chart reflected underlying trading data where the 10-Yr Note peaked on September 25, 2018 as well as indicating another peak was expected very soon in 2023. Based on timeline percentages shown in the 2018 and 2023 10Yr-Note charts below, it appears the 10-Yr Note peaked on August 22, 2023. Additional work will be needed to see what the impact will be on equity markets.
Stock chart courtesy of StockCharts.com.
