Glad I am a price action, forex trader. Day traders will have a hard time in the Stock Market.
Treasury yields moved higher on Monday morning as traders digested comments from Treasury Secretary Janet Yellen and the prospect of new fiscal stimulus. At around 7:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.1929%, while the yield on the 30-year Treasury bond was higher at 1.9953%. The Senate and House each passed a budget resolution on Friday, starting the reconciliation process that would allow President Joe Biden’s $1.9 trillion rescue package to get through the Democratic-held Senate with a simple majority. The package includes $1,400 ... (full story)